The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Injects 500mn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.
Confirmation from China, says U.S. President Donald Trump will pay a state visit to China from May 13–15 at the invitation of President Xi Jinping.
This article was written by Eamonn Sheridan at investinglive.com.
