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PBOC sets USD/ CNY reference rate for today at 6.7695 (vs. estimate at 6.7717)

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People’s Bank of China set the onshore yuan (CNY) reference rate for your trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD/CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal through the PBOC.The previous close was 6.7630–The PBOC injects 2 yuan via 7-day reverse repos (rate remains at 2.1%)2bn yuan mature todaythus a net neutral in OMOs today

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