Weakest for the onshore yuan at its daily setting since January 22
In open market operations (OMOs)
- PBOC to inject 100bn yuan through 7-day reverse repos today
- And 80bn with 28 day reverse repos
net 50bn yuan injection (130bn maturing)
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PBOC sets USD/ CNY mid-point today at 6.4021 (vs. yesterday at 6.3962)
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