On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1779 as compared to the previous day's
fix of 7.1781 and 7.2842 Reuters estimate. PBoC injects 102 billion Yuan via 7-day RR, sets the rate at 1.8%, 417 billion Yuan of RRs mature today, summing to a net 315 billion Yuan drain on the day in OMOs.
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