China is back from a 3-day weekend today.
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- PBoC injects 139bn yuan via 7-day reverse repos at 1.40%
- PBoC injects 661bn yuan via overnight reverse repos
This article was written by Eamonn Sheridan at investinglive.com.