PBOC sets USD/ CNY reference rate for today at 6.8165 (vs. yesterday at 6.8131)

A very slight further devaluation of the onshore yuan from the Bank today

The People's Bank of China is to skip open market operations today

• 30 bn yuan in reverse repos mature, hence a net drain of 30bn yuan

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Earlier from China:

• China press says yuan may move around at a low level in the short term