USD/CNY barely changed at the mid-rate setting today, ever so slight strengthening for the CNY against the big dollar
Yesterday was the weakest CNY set against the USD since March 21
And, in today's open market operations:
- To inject 60 bn yuan through 7-day reverse repos
- To inject 10 bn yuan through 14-day reverse repos
- To inject 10 bn yuan through 28-day reverse repos
A net 20bn yuan injection into the money market after 60bn in maturing RRs
more to come