People's Bank of China allows the USD/CNY to trade in a band +/- 2% from this central rate
- USD/CNH does not have the same limitations
PBOC injects 50 billion yuan liquidity via 14-day reverse repo
- 100 billion yuan reverse repo mature today
(ps. I think I posted earlier in the week that today was the first day of China's Golden Wek holiday. My Bad, the holiday begins tomorrow).
