PBoC set yuan mid-point at 6.6989 vs last close of 6

PBoC set yuan mid-point at 6.6989 vs last close of 6.7118

dollar and yuan 2524740 Large

The People’s Bank of China sets the yuan mid-point at 6.6989 vs last close of 6.7118 –

The central bank was expected to fix yuan midpoint at 6.7005 against the dollar.

PBoC is also to inject 100 bln yuan via 7-day reverse repo; net injection of 30 bln yuan.
 

Credit: FX Street

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