PBOC sets USD/ CNY reference rate for today at 6.8467 (vs. estimate at 6.7988)


The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.

Injects 500mn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.

Confirmation from China, says U.S. President Donald Trump will pay a state visit to China from May 13–15 at the invitation of President Xi Jinping.

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

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