PBOC units USD/ CNY mid-point at this time at 6.9025, CNY strongest since 25 March

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.

• PBOC injects 500mn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations. This is the smallest daily cash injection in OMOs since 2015.

This article was written by Eamonn Sheridan at investinglive.com.