Eamonn Sheridan
People’s Bank of China sets yuan reference rate at 6.7884 (vs. estimate at 6.7379)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here. PBOC says it injected 18 bn yuan in 7-day reverse repos in Open Market Operations today. Rate remains 1.4%. This article was written by Eamonn Sheridan at investinglive.com.
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