PBOC sets USD/ CNY reference rate for today at 6.9398 (vs. estimate at 6.9045)

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%

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

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