PBOC sets USD/CNY mid-point today at 6.6347( vs. Friday at 6.6282)

On Friday CFETS set the yuan at 95.05 against its basket (prior Friday was 95.34)

Open Market operations ... PBOC

  • To inject 80 bn yuan through 7 day reverse repos
  • To inject 70 bn yuan through 14 day reverse repos
  • To inject 30 bn yuan through 63 day reverse repos

net 150 bn injection

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