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. Another tiny injection.
PBOC sets USD/ CNY reference rate for today at 6.8880 (vs. estimate at 6.8764)
- PBOC CNY reference rate setting for the trading session ahead.
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