PBOC sets USD/CNY reference rate at 7.1786 vs. 7.1792 previous

On Tuesday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1786, compared with Monday’s fix of 7.1792 and market expectations of 7.2992. 

China’s central bank set the seven-day reverse repo rate at 1.80% vs 1.80% previous.

The PBOC injected CNY593 bln through seven-day reverse repos.