The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- 7-day reverse repurchase operation volume zero again
- zero also in overnights
- 327.4 billion yuan of overnight reverse repos matured today
- net withdrawal was 327.4 billion yuan
Earlier:
This article was written by Eamonn Sheridan at investinglive.com.