PBOC sets USD/CNY reference rate at 6.8698 on Monday

The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.8698 on Monday when compared to the previous fix and the previous close at 6.8486 and 6.8715 respectively.

China’s central bank injected 2 billion yuan via 7-day reverse repos at 2.00% vs prior 2.00%.

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