PBOC sets USD/ CNY reference rate for today at 6.8209 (vs. estimate at 6.8048)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here.
more to come
Note:
- Will add overnight reverse repo operations to the open market on June 29 and June 30 to better meet short-term liquidity needs in the banking system.
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