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PBOC sets USD/CNY mid-point today at 6.7736 (vs. yesterday at 6.7705)

And in open market operations (OMOs) today

  • PBOC Inject 115bn yuan through 7-day reverse repos
  • PBOC Inject 55bn yuan through 14-day reverse repos
  • PBOC Inject 40bn yuan through 28-day reverse repos

A small weakening of the CNY against the USD today. And the hefty liquidity injection via open market operation continue

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Still to come from China, due at the bottom of the hour, Industrial profits for September, prior 19.5% y/y

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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