People's Bank of China reference rate for onshore yuan is a touch stronger (for the CNY) today
In Open Market operations,
- PBOC inject 100bn yuan through 7-day reverse repos in open market operations (OMOs) today
- inject 20bn through 14 day RRs
Net 120bn yuan
The bank has popped a bit of extra liquidity in using RRs the last two days … lets see how it impact on stocks there