PBOC sets USD/ CNY reference rate for today at 6.8109 (vs. estimate at 6.7640)

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More detail here.

• Injects 393mn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.

This article was written by Eamonn Sheridan at investinglive.com.

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