PBOC sets USD/ CNY reference rate for today at 6.8175 (vs. estimate at 6.8041)
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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here. Injects 157.5bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. Injects 300bn yuan via overnight reverse repos also This article was written by
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