The Traderszone Network

Published in TZ Latest News 23 May, 2017 by The TZ Newswire Staff

PBOC sets USD/CNY reference rate for today at 6.8758 (vs. yesterday at 6.8661)

In Open Market operations PBOC
– To inject 40 bn yuan through 7-day reverse repos
– To inject 50 bn yuan through 14-day reverse repos      
There are 140bn yuan of maturing reverse repos today … so that’d make it a net 50bn yuan drain