PBOC sets USD/CNY reference rate at 7.1765 vs. 7.1886 previous

Market news

12 July 2023

PBOC sets USD/CNY reference rate at 7.1765 vs. 7.1886 previous

On Wednesday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1765, compared with Tuesday’s fix of 7.1886 and market expectations of 7.1935.

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

The Chinese central bank Injected CNY2 bln via 7-day reverse repos.

Australian Treasurer Chalmers: Expect a sharp slowdown for the Australian economy

AUD/USD breaks through 200-day SMA barrier near 0.6700, spikes to over two-week high

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