The Traderszone Network

Published in TZ Latest News 6 July, 2017 by The TZ Newswire Staff

PBOC sets USD/CNY mid-rate today at 6.7914 (vs. yesterday at 6.7953)

People’s Bank of China refrains from OMOs again today (for the 11th day in a row).
20bn yuan in RRs mature today, so a net drain
For the week as a whole the PBOC have drained 250bn yuan (330bn drain last week)