PBOC sets USD/CNY at 6.4943vs 6.4565

PBOC sets USD/CNY at 6.4943vs 6.4565. PBoC set to inject CNY 100 bln Via 7-day reverse repos
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AUD/USD: Overly long market caught wrong-sided

AUD/USD has come under strong selling pressure, yet again, at the open of market in China, last exchanging hands at fresh lows circa 0.7470, following the somewhat surprising 25bp rate cut by the RBA on Tuesday to a new record low interest rate of 1.75%.
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