PBOC sets USD/ CNY mid-point today at 6.4207 (vs. yesterday at 6.4021)

That is the weakest mid point setting since the 18th of January this year

The PBOC has injected a net 70bn yuan today in open market operations

  • Injects 110bn yuan through 7 day reverse repos
  • injects 60bn through 14s
  • injects 100bn through 28s

200bn mature today in RRS

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