Open Market operations,
– To inject 20 bn yuan through 7-day reverse repos
– To inject 20 bn yuan through 14-day reverse repos
– To inject 40 bn yuan through 28-day reverse repos
The USD fell overnight, despite an FOMC rate hike, a lower USD/CNY ‘fix’ from the People’s Bank of China reflecting the dollar fall
PBOC sets USD/CNY mid-point today at 6.8862 (vs. yesterday at 6.9115)
