PBoC sets USD/CNY reference rate at 7.1151 vs. 7.1212 previous

Market news

24 November 2023

PBoC sets USD/CNY reference rate at 7.1151 vs. 7.1212 previous

On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1151 as compared to the previous day's fix of 7.1212 and 7.1440 Reuters estimates.

Th PBiC injects 664 billion Yuan via 7-day RR, setting the rate at an unchanged 1.8%.
352 billion Yuan of RRs mature today, resulting in a net 312 billion Yuan injection in Open Market Operations (OMOs).

Japanese Yen flirts with weekly low against the US Dollar on softer Japan core CPI

Australian Dollar moves on an upward trajectory toward a three-month high

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