PBOC sets USD/ CNY mid-point today at 6.8582 (vs. estimate at 6.8096)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
PBOC injects 500mn 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.