PBOC sets USD/ CNY central rate at 6.8130 (vs. estimate at 6.7749)
The People’s Bank of China allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Injects 159bn 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.