The Traderszone Network

Published in TZ Latest News 31 August, 2017 by The TZ Newswire Staff

PBOC sets USD/CNY central rate at 6.5909 (vs. yesterday at 6.6010)

No open market operations from the People’s Bank of China today
– There were none yesterday either
– For today, net drain of 50bn yuan given maturing RRs
– For the week, net drain of 280bn yuan via OMOs
6.5909 mid rate is the strongest since June 24, 2016 …yowza!