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

Previous close 6.9208

Earlier:

• ICYMI bombshell: China tells banks to curb US Treasury exposure, “sell-America” nerves

PBOC inject 311.4bn yuan via 7-day RRs @1.4%

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

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