PBOC sets USD/ CNY reference rate for today at 6.5282 (vs. yesterday at 6.5228)

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

  • Reuters estimate from their survey was 6.5289, Bloomberg 6.5279  


injects 10 billion yuan liquidity via 7-day reverse repo

  • 10 billion yuan reverse repo matures today

  • thus neutral, no net injection nor drain

  • 19th day in a row of neutral

Unrelated but of interest, Dalian iron ore is circa 2.5% higher for the session so far 


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