PBOC sets USD/ CNY reference rate for today at 6.9006 (vs. Friday at 6.8825) - ConsultFX

PBOC sets USD/ CNY reference rate for today at 6.9006 (vs. Friday at 6.8825)

A weaker setting for the onshore yuan, weaker than expected  In Open Market operations, PBOC injecting funds again today A net of 160bn yuan in RRs mature today, so with a 20bn injections its a net 140bn drain on the day.