People’s Bank of China sets yuan reference rate at 6.6971 (vs. yesterday at 6.6961)

Discussion in 'Fundamental Analysis' started by ForexLive, Jul 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    PBOC injects 60bn yuan via 7-day reverse repos Here's the CNY basket, showing Friday's slight uptick in the value of the yuna: Is the downtrend over? No (IMO). But some forecasters are saying it is ... I'll be back with more on this in a few minutes.

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