The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9033
Injects CNY 145bln via 7-day reverse repos with the rate unchnaged at 1.40%
PBOC sets USD/ CNY reference rate for today at 6.9398 (vs. estimate at 6.9045)
- Strongest for CNY since 11 May 2023.
