The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- PBOC injects 146.2bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations
- for the week the PBOC have injected net 231.9bn
PBOC sets USD/ CNY reference rate for today at 6.9141 (vs. estimate at 6.9083)
- 6.9141 is the weakest for CNY since March 9.
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