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PBOC injects a net 15.5 bln Yuan this week via OMOs

China’s central bank, the PBOC injected a net 15.5 bln Yuan for the week via open market operations (OMOs), versus a net 90 bln injection last week, marking second straight week of injections.

For today, the Chinese central bank injected 45 bln Yuan through 7 day reverse repos, MNI quoted traders.

PBOC sets USD/CNY at 6.6211 vs. 6.6273 yesterday

PBOC sets USD/CNY central rate at 6.6211 vs. 6.6273 yesterday. The central banks also injected CNY 45 billion through 7-day reverse repos in open mark
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Australia press: $100bn hit to deepen budget debt crisis

The Australian press carried a story this Friday, noting that Australia’s budget could be hit by $ 100bn if the budget predictions go wrong and the Tu
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