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PBOC sets Yuan reference rate at 6.8878

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8878 versus Thursday's fix at 6.8807.

Market is being overly hasty in pricing BOE rate cut - BNY Mellon

The market has run ahead of itself in pricing an interest rate cut by the Bank of England (BOE) and is yet to consider the possibility of the central
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USD/CNH: Mildly weak near six-month low ahead of China’s key data

USD/CNH remains on the back foot while declining to 6.8770 during early Friday. The pair failed to portray the US dollar strength, like other currency pairs.
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