PBOC sets USD/ CNY reference rate for today at 6.7873 (vs. estimate at 6.7382)

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

• PBOC injected CNY 565.5bn via overnight reverse repos
• zero 7-day reverse repo

Earlier:

• China's Securities Daily warns against chasing gold at current highs
• China delays July economic data release to late afternoon slot

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

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