Earlier:
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9450
Injects 118.5bn yuan in 7day RRs @ 1.4% and also 300 bn yuan via 14day (Lunar New Year holidays begin February 15)
PBOC sets USD/ CNY reference rate for today at 6.9570 (vs. estimate at 6.9468)
- PBOC CNY reference rate setting for the trading session ahead.
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