INVESTINGLIVEEamonn Sheridan
PBOC sets USD/ CNY reference rate for today at 6.8088 (vs. estimate at 6.7544)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. How does it do that? More here. Injects 425bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. ps, Bloomberg report: "Chinese municipalities are intensifyin
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