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

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 open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com.

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