The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9140
PBOC inject 78.5bn yuan via 7-day RRs @1.4% and 400bn yuan via 14-dayers @1.65%
Earlier:
PBOC sets USD/ CNY mid-point today at 6.9438 (vs. estimate at 6.9109)
- PBOC CNY reference rate setting is strongest for CNY since 11 May 2023.
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