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The People’s Bank of China (PBOC) is expected to set the Yuan (CNY) reference rate at 7.1197 per US Dollar today, having announced the mid-point rate at 7.0858 on Wednesday.  

The USD/CNY pair closed 0.27% lower at 7.1434 yesterday. The losses, however, could be erased today if the PBOC announces weaker-than-expected fix, inviting stronger CNY selling pressure.