The Traderszone Network

Published in TZ Latest News 15 June, 2017 by The TZ Newswire Staff

People’s Bank of China sets yuan reference rate at 6.7995 (vs. yesterday at 6.7852)

CNY mid rate against the USD from the PBOC today. A much weaker yuan.
And, for open market operations:
– To inject 30 bn yuan through 7-day reverse repos
After accounting for RRs maturing today that’s a net injection of 250bn yuan from the Bank. I posted a few minutes ago on … PBOC stepping up already.