The USD to CNY exchange rate is currently at 7.34318, while the People’s Bank of China (PBOC) has set the reference rate at 7.2148, slightly lower than the previous rate of 7.2150.
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On Friday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.2150, compared with Friday’s fix of 7.2150 and market expectations of 7.3437.
The PBOC injected 215 bln yuan via 7-day reverse repos at 1.80% vs. prior 1.80%.
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