PBoC Fixes USDCNY Reference Rate At 7.1135 (prev fix 7.1106 prev close 7.2480)

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PBOC sets USD/ CNY reference rate for today at 7.1135 (vs. estimate at 7.2724)

The setting at 7.1135 is the weakest (for the CNY) since January 19 this year. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%. � 4bn mature today. � A net drain of 2bn yuan in Open Market Operations (OMOs). (full story)

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Submitted by: Newsstand
Category: Low Impact Breaking News