PBOC sets USD/CNY reference rate at 7.1926 vs. 7.2054 previous

Market news

10 July 2023

PBOC sets USD/CNY reference rate at 7.1926 vs. 7.2054 previous

On Monday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1926, compared with Friday’s fix of 7.2054 and market expectations of 7.2132.

The PBOC said that it set 7-day reverse repo rate at 1.90% vs 1.90% previously.

The Chinese central bank Injected 2 bln yuan through 7 day reverse repos.

China Consumer Price Index (MoM) remains unchanged at -0.2% in June

USD/JPY rebounds from monthly low, climbs to mid-142.00s amid reviving USD demand

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