PBOC sets USD/ CNY mid-point today at 6.7933 (vs. estimate at 6.7737)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- prior close 6.7665
PBOC says it injected 76 bn yuan in 7-day reverse repos in Open Market Operations today. Rate remains 1.4%.
This article was written by Eamonn Sheridan at investinglive.com.