PBOC sets USD/CNY reference rate at 6.3505

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - People’s Bank of China (PBOC) set today's yuan reference rate at 6.3505 vs 6.3571 prior before the holidays. The PBOC is set to conduct reverse reps and to inject 120bn yuan via 7-day reverse repos, while injecting 40bn yuan for the week.
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