The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- PBOC injects 20.5bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations
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PBOC sets USD/ CNY mid-point today at 6.8911 (vs. estimate at 6.8819)
- PBOC CNY reference rate setting for the trading session ahead.
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