PBOC SETS CNY REFERENCE RATE LOWER THAN ESTIMATED

PBOC SETS CNY REFERENCE RATE LOWER THAN ESTIMATED
PBOC sets USD/CNY reference rate for today at 7.1716.
The rate is lower than the estimated 7.3067.
PBOC follows a managed floating exchange rate system.
Yuan allowed to fluctuate within a 2% band around the reference rate.