PBOC skips OMOs today
- Net drain of 7070bn yuan (i.e. 70bn of RRs mature today)
A further strengthening for the onshore trading yuan against the dollar today from the Bank
On Friday the People's Bank of China (via CFETS) set the yuan rate at 96.11 against its basket, down (by not very much at all) from 96.12 the previous Friday
