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BEIJING (MNI) - The yuan was weaker against the U.S. dollar on Thursday
after the People's Bank of China set the fixing rate weaker for the day.
The yuan was last at 6.6364 against the U.S. unit, compared with the
official closing price of 6.6298 on Wednesday.
The PBOC set the yuan central parity rate at 6.6286, 0.03% weaker than
Money market rates were lower Thursday morning. The seven-day repo average
was last at 2.7806%, compared with Wednesday's average of 2.9759%. The overnight
repo average was at 2.7523%, compared with Wednesday's 2.8184%.
The PBOC injected CNY187.5 billion in liquidity via open-market operations
on Thursday, taking into account the maturing reverse repos and Medium-term
Lending Facility loans.
The yield on benchmark 10-year China government bonds was last at 3.9400%,
compared with a previous close of 3.9700%.
Stocks fell, with the textile, packaging, and motorcycle-making sectors
leading losses. The benchmark Shanghai Composite Index was last down 0.08% at
3,399.95. Hong Kong's Hang Seng Index was 0.59% higher at 29,022.22.
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