The reference rate is here, the weakest for onshore yuan since November 10 last year:
In open market operations the PBOC injected 244bn yuan
- 89bn yuan in OMOs matured today
- thus the PBOC injected a net 155bn yuan
The rate remained at 1.90%.
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The PBOC set onshore yuan at its weakest since early November 2022, plus big OMO injection
The PBOC set onshore yuan at its weakest since early November 2022, plus big OMO injection
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