PBOC sets USD/ CNY reference rate for today at 6.8622 (vs. estimate at 6.8206)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
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.