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PBOC sets yuan reference rate for today at 6.6530 (vs. yesterday at 6.6594)

Discussion in 'Fundamental Analysis' started by ForexLive, Aug 10, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    PBOC injects 80bn yuan via 7-day reverse repos USD weakness overnight reflected in the setting of the mid rate today, a lower USD/CNY. Models would probably suggest the USD/CNY should have been set even lower (not by much, maybe another 30-50 points or so), but not to be.

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