PBOC sets USD/ CNY reference rate for today at 6.4695 (vs. estimate at 6.4696)

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The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.    USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD/CNH has no restrictions on its trading range. The previous close was 6.4669 Reuters estimate was 6.4696. A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.  Over the weekend:Today, PBOC injects 100bn yuan in 14-day reverse repos Source link
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