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Another Yuan devaluation by the PBOC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - Following yesterday's Yuan devaluation - USD/CNY fix was highest since April 2011 -, today's PBOC USD/CNY mid-point came at 6.5646 vs yesterday's fix of 6.5314 and close at 6.555. PBOC to inject 70bn yuan via 7-day reverse repos today.

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