People’s Bank of China sets yuan reference rate at 6.5670 (vs. yesterday at 6.5530)

PBOC USD/CNY reference rate for today

In Open Market operations, People's Bank of China

• To inject 20bn yuan through 7 day reverse repos
• To inject 10bn yuan through 28 day reverse repos

30bn yuan mature today in RRs, thus no net injection/drain

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Earlier:

• China press says yuan's one-way depreciation trend has ended