OMOs today: PBOC injects 20bn yuan via 7-day reverse repos
For the week, the bank drained net 65bn yuan vs. 645bn drain the previous week
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Some data from China a little earlier (still waiting on the Q2 GDP and June retails sales, industrial production etc. These all due at 0200GMT):
People’s Bank of China sets yuan reference rate at 6.6805 (vs. yesterday at 6.6846)
