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People’s Bank of China sets yuan reference rate at 6.7313 (vs. estimate at 6.6977)

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

PBoC injects 50bn yuan via 7-day reverse repos today, rate unchanged at 1.4%

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

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