CFETs set the yuan at 94.70 against its basket on Friday (down from 95.05 the previous Friday)
Open Market operations ... PBOC
- To inject 70 bn yuan through 7 day reverse repos
- To inject 20 bn yuan through 14 day reverse repos
- To inject 10 bn yuan through 63 day reverse repos
After accounting for maturities of RRs this is a net 20bn yuan injection from the People's Bank of China.
