PBOC sets USD/CNY central rate at 6.5043 vs. 6.4920 previous

On Thursday, the Chinese central bank, PBOC, sets USD/CNY central rate at 6.5043 versus Wednesday’s 6.4920, moving away from the strongest midpoint set since May 2016.

The PBOC skipped open market operations (OMOs) for the ninth consecutive session today, while draining a net CNY 130 billion in reverse repos.