PBOC SETS CNY REFERENCE RATE LOWER THAN ESTIMATED

PBOC SETS CNY REFERENCE RATE LOWER THAN ESTIMATED
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.

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