Eamonn Sheridan
PBOC sets USD/ CNY reference rate for today at 6.7743 (vs. estimate at 6.7174)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this. 6.7743 is the strongest CNY level since 6 February 2023 PBoC injected 4 billion yuan of 7-day reverse repurchases. The interest rate was 1.40%, unchanged. This article was
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