Earlier:
- PBOC to inject 800 billion yuan via three-month reverse repo operation
- Yuan seen rising in 2026, but China signals resistance to rapid gains
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9397
Injects 75bn yuan in 7day RRs @ 1.4%
This article was written by Eamonn Sheridan at investinglive.com.