People's Bank of China (PBOC) sets yuan reference rate at 6.3505

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

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    20,132
    Likes Received:
    1
    China reopening after the Golden Week holiday. - Prior close, before the holidays was 6.3571 (and setting on September 30 was 6.3613) - So, a big rise for the yuan, the biggest rise since September 2 The PBOC to conduct reverse reps today ... to inject 120bn yuan via 7-day reverse repos today, to inject 40bn yuan for the week (vs. net drain 10bn yuan last week)

    Continue reading...
     

Share This Page

free forex signals