PBOC fixes USD/CNY reference rate at 7.1736 vs. 7.2760 previous

Dhwani Mehta FXStreet

On Monday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1736, compared with Friday’s fix of 7.2760 and market expectations of 7.2707.

The PBOC injected 184 billion Yuan via 7-day reverse repos at 1.80% vs. prior 1.80%.

The Chinese central bank added 60 bln yuan via 14-day reverse repos at 1.95% vs. prior 1.95%.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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