Onshore yuan reference rate for the session from the People's Bank of China
- PBOC taking the big stick to the CNY again today
- CNY set at its weakest since 11 July of last year … so at its lowest for more than a year
A negative for 'risk'
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People's Bank of China skips OMOs today. 70bn yuan in RRS mature today, thus a net drain.
more to come
