PBoC sets USD/CNY reference rate at 7.1798 vs. 7.1717 previous

Market news

28 September 2023

PBoC sets USD/CNY reference rate at 7.1798 vs. 7.1717 previous

On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1798, compared with the previous day's fix of 7.1717 and 7.3239 estimated.

PBOC injects 508 billion in open market operations (OMOs) via 7-day RR, sets rate at 1.80%, and 105 billion Yuan via 14-day RR, sets rate at 1.95%.
169 billion Yuan of RRs mature today and thus a net 440 billion Yuan injection on the day in OMOs.

Australia Retail Sales s.a. (MoM) registered at 0.2%, below expectations (0.3%) in August

GBP/USD moves away from multi-month low as USD bulls take a brief pause; seems vulnerable

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