The reference rate is here, the weakest for onshore yuan since November 10 last year:
In open market operations the PBOC injected 244bn yuan
- 89bn yuan in OMOs matured today
- thus the PBOC injected a net 155bn yuan
The rate remained at 1.90%.
The PBOC set onshore yuan at its weakest since early November 2022, plus big OMO injection
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