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PBOC sets USD/CNY reference rate at 6.3505

FXStreet (Bali) - People’s Bank of China (PBOC) set today's yuan reference rate at 6.3505 vs 6.3571 prior before the holidays. The PBOC is set to conduct reverse reps and to inject 120bn yuan via 7-day reverse repos, while injecting 40bn yuan for the week.

China's CSI 300 futures soar 4%, AUD underpinned

China's CSI 300 stock futures are rising by as much as 4% to 3,251.0 ahead of the open, helping to push the Australian Dollar higher with it.
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AUD/USD testing the pivot in bearish phase of consolidation

AUD/USD spiked on the minute charts and is a little volatile on a sharp round turns between 0.7202 and recent high of 0.7216 having climbed up from the base 0.7190 in the Tokyo open.
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