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

Previous close 6.9140

PBOC inject 78.5bn yuan via 7-day RRs @1.4% and 400bn yuan via 14-dayers @1.65%

Earlier:

• ICYMI – PBOC pledges loose policy, ample liquidity

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



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