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PBOC drains net CNY 10 bn via OMOs this week

PBOC drains net CNY 10 bn via Open Market Operations (OMOs) for the week versus a net injection of CNY 30bln last week.

Meanwhile, the Central bank is likely to inject 20 bn Yuan each through 7, 14 and 28-day reverse repos today, as cited by traders.

China's May CPI a tad better, but PPI misses expectations

China's Consumer Price Index (MoM) (May) came at -0.1% vs -0.2% exp and 0.1% last, while Consumer Price Index (YoY) (May) was 1.5 % vs 1.5% exp and 1.
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China PPI cools further; AUD/USD registers marginal losses

The data released this Friday morning in Asia showed China PPI cooled to 5.5% y/y in May compared to the expected figure of 5.7%.  The decline the PP
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