The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9354
OMOs:
- PBOC inject 113bn yuan via 7-day RRs @1.4%
Earlier:
PBOC sets USD/ CNY reference rate for today at 6.9523 (vs. estimate at 6.9334)
- PBOC CNY reference rate setting for the trading session ahead.
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