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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

    Sep 2, 2015
    Likes Received:
    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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