People's Bank of China (PBOC) sets the USD/CNY mid-point reference rate for today at 6.3987
- Yesterday's fix was at 6.3862
Yuan mid point set slightly weaker
More:
- PBOC to inject 150bn yuan via 7-day reverse repos
Fund injections into the money market should be a positive for the stock market ... better liquidity. Let's see how the market responds. (Note .... there are 120bn expiring ... so net injection is 30bn yuan)
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What we're really waiting for is the opening of the Chinese stock markets
Coming up at 0130GMT
Sick of rollercoaster memes? Fair enough. :-D
ps. Stocks in Australia, Taiwan and Korea all higher from the open. So there's that.