People's Bank of China sets the reference rat each day and allows the CNY to fluctuate plus or minus 2% around it.
- 6.4372 for today, strongest for it since December 11 of 2015
Also, People's Bank of China to:
- inject 160 bn yuan via 7 day reverse repos
- inject 150 bn yuan via 14 day reverse repos
- inject 10 bn yuan via 63 day reverse repos
in open market operations today.
net injection of 270bn yuan.
