The US dollar to Chinese yuan exchange rate, indicated by USDCNY, is currently at 7.28919. The People’s Bank of China (PBOC) has set the reference rate at 7.1736, which is lower than the previous rate of 7.2760.
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On Monday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1736, compared with Friday’s fix of 7.2760 and market expectations of 7.2707.
The PBOC injected 184 billion Yuan via 7-day reverse repos at 1.80% vs. prior 1.80%.
The Chinese central bank added 60 bln yuan via 14-day reverse repos at 1.95% vs. prior 1.95%.
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