PBOC sets USD/ CNY central rate at 6.7809 (vs. estimate at 6.7170)
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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. injects 5bn yuan via 7-day reverse repos, 1.4% rate unchanged and 359bn yuan through overnight reverse repos This article was written by Eamonn Sheridan at investinglive.co
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PBOC is expected to set the USD/CNY reference rate at 6.6981 – Reuters estimate