USD/ CNY reference rate for today, PBOC permits a +/-2% range from here
A stonger set for the onshore yuan again today.
OMOs:
- People's Bank of China to inject 20 bn yuan with 7-day reverse repos
- People's Bank of China to inject 20 bn yuan with 28-day reverse repos
Net 40bn yuan injections through OMOs today (note, none maturing)
