Eamonn Sheridan
PBOC sets USD/ CNY reference rate for today at 6.7487 (vs. estimate at 6.6951)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. 6.7487 is the strongest for CNY since 3 February, 2023 PBoC injects 165bn yuan via 7-day reverse repos at 1.40% more to come This article was written by Eamonn Sheridan at
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