The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- PBOC injects 500mn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations. This is the smallest daily cash injection in OMOs since 2015.
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PBOC sets USD/ CNY mid-point today at 6.9025, CNY strongest since 25 March
- PBOC CNY reference rate setting for the trading session ahead.
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