USD/CNY fix: PBoC fixes at 7.0884 7.0883 and prior close of 7.1717

According to a Reuters poll, the People's Bank of China was expected to set the Yuan mid-point at 7.1099 per dollar.

The actual result has come in as follows:

  • Fixed at 7.0884 7.0883 and prior close of 7.1717.
  • PBoC gauges demand for 7, 14, 28, 63 day reverse repos - but skips. 
  • Drains 80 Billion Yuan in open market operation.
  • PBoC sighting high-level banking liquidity. 

 

 

 

 

 

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