The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- PBOC injected CNY 565.5bn via overnight reverse repos
- zero 7-day reverse repo
Earlier:
- China’s Securities Daily warns against chasing gold at current highs
- China delays July economic data release to late afternoon slot
This article was written by Eamonn Sheridan at investinglive.com.