PBOC sets USD/CNY reference rate for today at 6.7529 (vs. yesterday at 6.7485)

Higher USD/CNY again today. Meanwhile, in open market operations the People's Bank of China is:

  • to inject 80 bn yuan via 7 day reverse repos
  • to inject 50 bn yuan through 14 day reverse repos

130bn yuan in maturities today for RRs

Injection matching the maturities

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