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People’s Bank of China sets yuan reference rate at 6.5784 (vs. Friday at 6.5490)
Meanwhile, over at the money market desk, the PBOC injects 65bn yuan via 7-day reverse repos - The USD strength on Friday (especially in the US timezone) playing out in a higher USD/CNY setting today from the PBOC. ps. The 'Guess the fixing' game is back on amongst the banks. •Nomura was at 6.5767 today. •ANZ was at 6.5819