Hey, a big thank-you to the People's Bank of China for its yuan mid rate for the session's trading!
People's Bank of China:
- to inject 120bn yuan with 7 day reverse repos
- to inject 110bn with 14 day reverse repos
- to inject 70 bn with 28 day reverse repos
Net 260 bn injection inject
On Friday the yuan was set at 94.45 against its basket
- (Set by CFETS, a part of the PBOC ... CFETS = China Foreign Exchange Trade System)
