INVESTINGLIVEEamonn Sheridan
PBOC is expected to set the USD/CNY reference rate at 6.7382 – Reuters estimate
A neutral setting would be around USD/CNY reference rate at 6.7414, only marginally higher than the previous fix, even though the dollar index eased on Friday and the onshore spot rate closed a touch firmer. The central bank is unlikely to simply follow the softer dollar lower, a
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