PBOC sets USD/ CNY central rate at 6.7917 (vs. estimate at 6.7595)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- Injects 46.5bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.
more to come
This article was written by Eamonn Sheridan at investinglive.com.