PBOC fixes USD/CNY reference rate at 7.1736 vs. 7.2760 previous

On Monday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1736, compared with Friday’s fix of 7.2760 and market expectations of 7.2707. 

The PBOC injected 184 billion Yuan via 7-day reverse repos at 1.80% vs. prior 1.80%.

The Chinese central bank added 60 bln yuan via 14-day reverse repos at 1.95% vs. prior 1.95%.