PBOC sets USD/ CNY reference rate for today at 7.0019 (vs. estimate at 6.9697)

The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a +/- 2% range, around a central reference rate, or “midpoint.”

Previous close 6.9640

PBoC injects 210.2bn yuan through 7-day reverse repos at 1.40%

This article was written by Eamonn Sheridan at investinglive.com.

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