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     BEIJING (MNI) - The yuan fell against the U.S. dollar Monday morning after
the People's Bank of China set a stronger daily fixing. 
     The yuan was last at 6.5475 against the U.S. unit, compared with the
official closing price of 6.5442 on Friday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.5419
on Monday, slightly stronger than Friday's 6.5423.
     Money market rates were mixed Monday morning after the PBOC injected CNY300
billion in liquidity via open-market operations. The seven-day repo average was
last at 2.7845 Monday, lower than Friday's average of 2.9079%. The overnight
repo average was at 2.7508%, higher than Friday's 2.7133%.
     The yield on benchmark 10-year China government bonds was last at 3.5834%,
up from the previous close of 3.5813%, according to Wind, a financial data
provider. 
     Stocks were up, led higher by the winemaking and food sectors. The
benchmark Shanghai Composite Index was last up 0.27% at 3,362.52. Hong Kong's
Hang Seng Index was 0.94% higher at 28,069.17. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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