Home PBOC sets USD/CNY midpoint at 6.5719
FXStreet News

PBOC sets USD/CNY midpoint at 6.5719

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY reference rate at 6.5719 vs. Friday’s 6.5786.

The PBOC injected a net CNY40 billion via seven-day reverse repos in open market operations (OMOS).

USD/CNY in lows

USD/CNY trades flat at 6.5608, as of writing. The spot is extending declines from near 6.5630 levels amid risk-on mood induced broad-based US dollar weakness.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.