PBOC sets USD/CNY central rate at 6.4832 vs. 6.4915 previous

On Monday, the PBOC set the USD/CNY reference rate at 6.4832 versus Friday’s 6.4915.

Meanwhile, the PBOC skipped open market operations (OMOs) for the eleventh consecutive session today, while draining a net CNY 40 billion in OMOs. The bank said that the liquidity levels remain high.