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PBOC sets USD/ CNY reference rate for today at 6.7895 (vs. estimate at 6.7462)
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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here. PBOC injects 1bn yuan in 7-day reverse repo open marekt operations, rate remains unchanged at 1.4% This article was written by Eamonn Sheridan at investinglive.com.
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