PBOC sets USD/CNY reference rate at 6.5780

On Thursday, the People’s Bank of China (PBOC) sets the USD/CNY reference rate at 6.5780 vs. Wednesday’s 6.5749.

The PBOC injected a CNY80 billion via seven-day reverse repos in open market operations (OMOS) while CNY70 billion matured.

Therefore, the net addition is seen at CNY10 billion.