People's Bank of China strengthening the yuan just a little today (and in fact the biggest strong yuan move in a month or so), the USD has lost some ground since Friday so not a huge surprise.
In Open market operations (OMOs)
- PBOC Inject 100bn yuan through 7-day reverse repos
- PBOC Inject 70bn yuan through 14-day reverse repos
- PBOC Inject 20bn yuan through 28-day reverse repos
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On Friday the yuan was set at 94.15 against its basket, down 0.15 on the week.