PBOC sets USDCNY midpoint at 7.1216 vs exp 7.1210

The PBOC sets the USDCNY central rate at 7.1216 not far from the estimate of 7.1219. That is down from previous setting at 7.1249.

The PBOC injects CNY 277.3B the seven day reverse repo at maintained rate of 1.70%

This article was written by Greg Michalowski at www.forexlive.com.