People's Bank of China set the onshore yuan mid-rate for the trading session ahead. Reuters estimate from their survey was 6.4542, Bloomberg 6.4539. A stronger than expected mid-rate for the CNNY (ie lower than expected USD/CNY) PBOC add in 10bn yuan through 7-day RRs in open market operations
Monday, February 22, 2021
PBOC sets USD/ CNY reference rate for today at 6.4516 (vs. yesterday at 6.4563)
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