The Traderszone Network

Published in TZ Latest News 4 September, 2017 by The TZ Newswire Staff

PBOC sets USD/CNY reference rate for today at 6.5370 (vs. yesterday at 6.5668)

People’s Bank of China skips OMOs again today, saying liquidity in the banking system is relatively high
– 4th consecutive day of no OMOs
– 70bn yuan in maturing RRs today, so in effect a drain of 70bn yuan by the Bank
And another surge in the yuan at the ‘fixing’ from the PBOC