People’s Bank of China sets yuan reference rate at 6.8579 (vs. estimate at 6.8282)

• PBOC CNY reference rate setting for the trading session ahead.

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

Injects 218.5bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.

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