PBOC sets yuan reference rate for today at 6.7817 (vs. yesterday at 6.7725)

PBOC injects 20bn yuan via 7-day reverse repos

• PBOC injects 10bn yuan via 14-day reverse repos
• PBOC injects 10bn yuan via 28-day reverse repos

The bank devalue the yuan today after a strengthening yesterday

(The PBOC set the mid rate every business day, and allow USD/CNY to fluctuate plus or minus 2% either side, no more.).

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A little later (around 0200GMT): China trade balance (October) data due today