PBOC sets USD/CNY reference rate at 7.1149 vs. 7.1151 previous

Market news

17 June 2024

PBOC sets USD/CNY reference rate at 7.1149 vs. 7.1151 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1149, as against the previous day's fix of 7.1151 and 7.2574 Reuters estimates.

Furthermore, the China's central bank kept the one-year Medium-term Lending Facility (MLF) rate steady at 2.50% on Monday. The one-year MLF was last cut in August 2023, from 2.65%.

China House Price Index fell from previous -3.1% to -3.9% in May

EUR/USD consolidates around 1.0700, just above one-and-a-half-month low touched on Friday

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