China PBoC Sets Yuan Mid-Point At 7.1108/USD Vs Last Close 7.2477

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PBOC sets USD/ CNY reference rate for today at 7.1108 (vs. estimate at 7.2436)

PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8% � 260bn mature today. � A net drain of 258bn yuan in Open Market Operations (OMOs). (full story)

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Submitted by: Newsstand
Category: Medium Impact Breaking News