Onshore yuan reference rate, huge drop for the CNY against the USD today - to its weakest since mid-January this year
People's Bank of China mid rate reflecting the big USD move overnight, or maybe its just a Robbie Williams to the Tariff boi? Nah ….
OMOs - People's Bank of China
- to inject 50bn yuan in 7-day reverse repos today
- to inject 30bn yuan with 14-dayers
- to inject 20bn yuan in 28-dayers
Net 90bn yuan injection today
In OMOs over the week a net injection of 240bn yuan, was a 300bn drain the previous week.
more to come
