Earlier:
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
Previous close 6.9450
Injects 118.5bn yuan in 7day RRs @ 1.4% and also 300 bn yuan via 14day (Lunar New Year holidays begin February 15)
This article was written by Eamonn Sheridan at investinglive.com.