PBOC sets USD/CNY reference rate at 6.5809

On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY reference rate at 6.5809 vs. Monday’s 6.5719.

The PBOC injected a net CNY70 billion via seven-day reverse repos in open market operations (OMOS) while CNY50 billion mature, bringing the net addition to CNY20 billion.