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PBoC Fixes USDCNY Reference Rate At 7.1020 (prev fix 7.1049 prev close 7.2176)
PBoC Fixes USDCNY Reference Rate At 7.1020 (prev fix 7.1049 prev close 7.2176)
— LiveSquawk (@LiveSquawk) May 16, 2024
Added at 9:25pm
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PBOC sets USD/ CNY reference rate for today at 7.1020 (vs. estimate at 7.2017)
PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8%. • 2bn mature today. • Thus neutral in OMOs today.