PBOC sets USD/ CNY mid-point today at 6.7200 (vs. estimate at 6.6813)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.PBOC zero 7-day reverse repos today (65bn mature so a net drain)---Earlier:China holds loan prime rates for 17th month as policy focus shifts to short-term ratesExplainer: China eyes overnight rate as main policy tool, what it means for marketsChina LPR preview: rates seen on hold for a 17th month after Q3 GDP beat This article was written by Eamonn Sheridan at investinglive.com.
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