The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- PBOC injects 137.3bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations
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PBOC sets USD/ CNY reference rate for today at 6.9057 (vs. estimate at 6.9061)
- PBOC CNY reference rate setting for the trading session ahead.
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- The USD is little changed to start the day. The USDJPY remains volatile but in a range
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- investingLive European markets wrap: Another round of Japanese yen intervention?
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