PBOC sets USD/ CNY reference rate for today at 6.8088 (vs. estimate at 6.7544)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
How does it do that? More here.
more to come
ps, Bloomberg report:
- "Chinese municipalities are intensifying property support measures by expanding housing subsidy programs and optimizing provident fund rules, moves aimed at lowering home-buying costs and stabilizing a sluggish real estate market.."
提供 MainLink:Investinglive RSS Breaking News Feed
