This is the onshore yuan central rate for trading today.
- The PBOC allows a plus or minus 2% band for trade in CNY from here
- CNH (offshore yuan) is not limited by the band … its a lot higher than 6.8946 ….
In Open Market operations,
- PBOC inject 40bn yuan through 7-day reverse repos
No RRs mature today, so a net 40bn yuan injection by the Bank
