People’s Bank of China sets the USD/CNY mid-point for today
It permits the market to trade USD/CNY plus or minus 2% of this reference rate
Also … In Open Market operations today, injects 30bn yuan via 7-day reverse repos
People’s Bank of China sets the USD/CNY mid-point for today
It permits the market to trade USD/CNY plus or minus 2% of this reference rate
Also … In Open Market operations today, injects 30bn yuan via 7-day reverse repos