The People's Bank of China set the onshore yuan reference rate for the trading session ahead.
- The previous close was 6.5690
- Reuters estimate from their survey was 6.5625, Bloomberg 6.5643 .... (A rate that's significantly stronger or weaker than expected is typically considered a signal from the PBOC.)
PBOC injects 10 billion yuan liquidity via 7-day reverse repo
10 billion yuan reverse repo matures today
thus neutral, no net injection nor drain
22nd day in a row of neutral
---
