The USDCNY exchange rate is currently at 7.20022, while the People’s Bank of China has set the reference rate at 7.1765, compared to the previous rate of 7.1886.
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On Wednesday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1765, compared with Tuesday’s fix of 7.1886 and market expectations of 7.1935.
The PBOC said that it fixed the 7-day reverse repo rate at 1.90% vs 1.90% previously.
The Chinese central bank Injected CNY2 bln via 7-day reverse repos.
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