The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- 6.7487 is the strongest for CNY since 3 February, 2023
- PBoC injects 165bn yuan via 7-day reverse repos at 1.40%
more to come
This article was written by Eamonn Sheridan at investinglive.com.