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PBOC sets yuan reference rate for today at 6.6530 (vs. yesterday at 6.6594)

Discussion in 'Fundamental Analysis' started by ForexLive, Aug 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    PBOC injects 80bn yuan via 7-day reverse repos USD weakness overnight reflected in the setting of the mid rate today, a lower USD/CNY. Models would probably suggest the USD/CNY should have been set even lower (not by much, maybe another 30-50 points or so), but not to be.

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