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PBOC sets USD/ CNY central rate at 6.7614 (vs. yesterday at 6.7344)

Eamonn Sheridan
07/05/2019 | 01:15 GMT

People's Bank of China weakens the onshore yuan today.

Weakest level for the onshore reference rate since Feb. 19 this year.

PBOC inject 20bn yuan via 7 dat reverse repos

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More on the yuan:

  • USD/CNY still headed towards 6.90 by year-end - Commerzbank
  • USD/CNY may be headed towards 7.00 if US imposes new tariff - BofAML

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