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On Monday, the People’s Bank of China (PBOC) sets the USD/CNY reference rate at 6.5719 vs. Friday’s 6.5786.

The PBOC injected a net CNY40 billion via seven-day reverse repos in open market operations (OMOS).

USD/CNY in lows

USD/CNY trades flat at 6.5608, as of writing. The spot is extending declines from near 6.5630 levels amid risk-on mood induced broad-based US dollar weakness.

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