People’s Bank of China Sets Yuan Reference Rate at 6.8579 (vs. Estimate at 6.8282)
PBOC CNY reference rate setting for the trading session ahead. PBOC CNY reference rate setting for the trading session ahead. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. Injects 218.5bn yuan via 7-day reverse repos in ope