PBOC sets USD/CNY reference rate for today at 6.6300 (vs. yesterday at 6.6397)

People’s Bank of China with the onshore yuan mid rate for the trading session. A stronger CNY against the USD.Also, OMOs today, the Bank to:

  • inject  140 bn yuan via 7 day reverse repos
  • inject 40  bn yuan through 14 day reverse repos
  • inject  60 bn yuan through 63-day reverse repos

Net is 0 yuan (i.e. injection matches maturities)

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