The exchange rate between the US Dollar and Chinese Yuan is currently at 7.33759. The People’s Bank of China has set the reference rate at 7.2150, compared to the previous rate of 7.3297.
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On Friday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.2150, compared with Thursday’s fix of 7.3297 and market expectations of 7.3284.
The PBOC said that it injected CNY363 billion via seven-day Reverse Repos at 1.8% in open market operations (OMO).
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