In open market operations ... nope, none ... People's Bank of China skips OMOs again today
- No maturities today, so neutral OMOs for the day
- Bank says liquidity is at a relatively high level
- (For the week, a net drain of 330bn yuan, was a 280bn yuan drain last week)
In FX, another huge jump in the mid rate for the CNY against the USD
- 10th straight days of PBOC setting a higher CNY
- Strongest for the CNY at the reference rate setting since May of 2016
Stay tuned ...
