PBOC sets USD/CNY central rate at 6.6670 (vs. yesterday at 6.6513)

    Comment

    Shutterstock photo

    In Open Market operations, the People's Bank of China:

    • to inject 10bn yuan through 28 day reverse repos
    • and 90bn yuan through 7-day reverse repos 

    Over the course of this week the bank's OMOs injected net 670bn yuan (was a 525bn injection last week)


    -

    Elsewhere ...

    USD/JPY is continuing its climb

    EUR/JPY buyers have been cited as driving the earlier move above (USD/JPY) 101. There was some chatter it was fix related but there has been little pullback since 0055GMT.

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



    This article appears in: Investing , Forex


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