PBOC to skip open market operations (OMOs) today
- By doing so its it's a net drain of 100bn yuan in OMOs
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Yuan set at 96.27 for its index (i.e. against a basket of other currencies (as of Friday)
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PBOC sets USD/ CNY reference rate for today at 6.3431 (vs. Friday at 6.3334)
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PBOC is expected to set the USD/CNY reference rate at 6.7838 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
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