PBOC sets USD/CNY mid-point today at 6.6251 (vs. yesterday at 6.6162)

The People's Bank of China setting the middle point for USD/CNY trading for the day

And ... in OMOs:

  • To inject 70bn yuan through 7 day reverse repos
  • To inject 60bn yuan through 28 day reverse repos also

After accounting for the RRs that will mature today it's a net injection of 60bn yuan

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