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On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY reference rate at 6.5749 vs. Tuesday’s 6.5809.

The PBOC injected a CNY120 billion via seven-day reverse repos in open market operations (OMOS) while CNY100 billion matured.

Therefore, the net injection stood at CNY20 billion, the same as that seen on Tuesday.