The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9106
PBOC inject 166.5bn yuan via 7-day RRs @1.4%
PBOC sets USD/ CNY reference rate for today at 6.9457 (vs. estimate at 6.9153)
- PBOC CNY reference rate setting for the trading session ahead.
