PBOC sets USD/ CNY mid-point today at 6.9025, CNY strongest since 25 March
News brief
PBOC CNY reference rate setting for the trading session ahead. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.PBOC injects 500mn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations. This is the smallest daily cash injection in OMOs since 2015. This article was written by Eamonn Sheridan…
Why traders care
For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision.
What to watch next
- Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
PBOC CNY reference rate setting for the trading session ahead. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.PBOC injects 500mn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations. This is the smallest daily cash injection in OMOs since 2015. This article was written by Eamonn Sheridan… The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. . PBOC injects 500mn yuan in 7-day reverse repos at 1. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. PBOC injects 500mn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations. This is the smallest daily cash injection in OMOs since 2015. For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
