The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- prior close 6.8052
Injects 10bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%
PBOC sets USD/ CNY reference rate for today at 6.8036 (vs. estimate at 6.7978)
- PBOC CNY reference rate setting for the trading session ahead.
