PBOC sets the Yuan reference rate at 6.8884

The People’s Bank of China set the Yuan reference rate at 6.8884 vs. Thursday’s fix of 6.8957.

The central bank has decided to skip the Open Market Operations (OMO) today.

May 5, 2017

USD/CNY projection: 6.8933 – Nomura

Analysts at Nomura offered their projections for today's USD/CNY fix 24 pips lower than the previous fix. Key quotes Our model1 projects the fix to

China’s central bank, the PBOC injects a net 10 bln Yuan from the market for the week via Open Market Operations (OMOs), versus a net injection of 70