PBOC sets USD/ CNY central rate at 6.7852 (vs. estimate at 6.7219)

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.

• injects 386bn yuan via 7-day reverse repos at 1.4% (unchanged rate)

ADDED: Check this out on today’s setting:

• China leans hardest against yuan gains in six months, AUD softens

This article was written by Eamonn Sheridan at investinglive.com.