People’s Bank of China sets yuan reference rate at 6.5784 (vs. Friday at 6.5490)

Discussion in 'Fundamental Analysis' started by ForexLive, May 30, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Meanwhile, over at the money market desk, the PBOC injects 65bn yuan via 7-day reverse repos - The USD strength on Friday (especially in the US timezone) playing out in a higher USD/CNY setting today from the PBOC.

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