PBOC sets USD/ CNY reference rate for today at 6.5361(vs. yesterday at 6.5558)

People’s Bank of China set the onshore yuan mid-rate for the trading session ahead.

Reuters estimate from their survey was 6.5354, Bloomberg’s 6.5344

PBOC add in 10bn yuan through 7-day RRs and 30bn in 14-day RRs in open market operations

  • 10bn mature today
  • thus a net 30bn injection on the day