People's Bank of China revalues the onshore yuna today, big move higher for CNY against the USD at the central rate setting today
That is a huge jump for the CNY today … PBOC seemingly not all that fussed about stability!
People's Bank of China to skip open market operations today
- With maturing RRs its a net drain of 140bn yuan
The most recent targetted RRR cuts take effect today, the PBOC has says previously these will mean 700bn yuan in extra liquidity
