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PBoC fixes the USD/CNY mid-point at......>

CHINA YUAN: PBoC fixes the USD/CNY mid-point at CNY7.0039, above the
psychological CNY7.0000 level for the first time since 2008, but still shy of
the RTRS estimate of CNY7.0205, which pools market participants exp.
- The combination of the fix being above CNY7.0000 but lower than exp. initially
saw a fresh intraday high in USD/CNH, before the cross swung lower and settled
around unchanged levels, last CNH7.0875.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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