The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- People’s Bank of China injected 364 billion yuan of overnight reverse repurchase operations @1.25%
- People’s Bank of China injected 300 billion yuan of 7-day reverse repurchase operations @1.4%
This article was written by Eamonn Sheridan at investinglive.com.