In open market operations from the People’s Bank of China:
– inject 10bn yuan via 7-day reverse repos
– inject 110bn yuan via 28-day reverse repos
Little change for the CNY against the USD, strengthening a little. The previous 2 settings saw swings of nearly 1% in both directions. PBOC chilling a little today.
PBOC sets USD/CNY mid-point today at 6.9234 (vs. yesterday at 6.9262)
