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