After yesterday's big size devaluation, lower again for the CNY
In Open Market operations:
- PBOC inject 60bn yuan through 7-day reverse repos
- PBOC inject 40bn yuan through 14-day reverse repos
a net injection of 30bn yuan (70bn maturing)
PBOC sets USD/ CNY reference rate for today at 6.4706 (vs. yesterday at 6.4586)
Best in 2026
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