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PBOC sets USD/CNY mid-point today at 6.6857 (vs. yesterday at 6.6594)

PBOC injects 30bn yuan via 7-day reverse repos

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ps. CNN cites Brian Jackson, a senior China economist at the research firm IHS, who says the Brexit vote has given ""China some cover" to depreciate the yuan faster that it would have done otherwise"

Well, yeah. I put it a little more bluntly, being Australian and all. This fromback on June 28

Yesterday's USD/CNY mid point was the highest since December of 2010 ... surpassed today.

Not that the PBOC are taking the piss or nothin' .... nooooo

OK, whatever you say ....

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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