Higher for the CNY against the USD again today
In Open Market operations,
- PBOC inject 120bn yuan through 7-day reverse repos
- No RRs mature today, net injection thus 120 bn yuan
On Friday CFETs set the yuan at 92.78, from 92.91 the previous Friday
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PBOC sets USD/ CNY central rate at 6.8718 (vs. yesterday at 6.8894)
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