PBOC sets USD/CNY reference rate at 6.9508

The People's Bank of China (PBOC) set the daily reference rate at 6.9508 compared to previous day's fix of 6.9289

Dec 16, 2016

China People’s Daily – Fed rate hike to raise Yuan fall pressure

As per the China People’s Daily report, economists see Fed rate hike to hurt Yuan, although a sharp sell-off is unlikely. The article also states the

China’s central bank, the PBOC injected a net 250 bln Yuan for the week via open market operations (OMOs), versus a net 535 bln drain last week. For