PBOC sets Yuan mid-point at 6.9370 versus 6.9497 previous

On Friday, the Chinese central bank, the PBOC, sets USD/CNY reference rate at 6.9370 versus Thursday’s 6.9497.

Dec 30, 2016

USD/CNY projection: 6.9359 - Nomura

Analysts at Nomura offered their outlook for today's fix. Key Quotes: "Our model1 projects the fix to be 138 pips lower than the previous fix (6.935

China’s central bank, the PBOC drained a net 245 bln Yuan for the week via open market operations (OMOs), versus a net 375 bln injections last week.