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Monday, November 4, 2019

PBOC sets yuan mid-point at 7.0382 vs 7.0372 prior

Firmer yuan This isn't quite a strong as forecast but the market's attention is elsewhere at the moment. The PBOC also announced it will skip open market operations today but there is also chatter than the PBOC is gauging demand for 7, 14, 28 and 63-day repos.

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