Thursday's reference rate was the strongest for the onshore yuan since mid July of 2018
- Onshore yuan just barely weaker at the mid rate setting today
In Open Market Operations
- PBOC inject 80bn yuan through 14-day reverse repos today
net 80bn injection
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Coming up from China soon (0145GMT):
Caixin manufacturing PMI from China for January
- expected 49.6, prior 49.7
Yesterday we got the official PMIs for January
- Responses to China PMIs: 'growth momentum will more likely weaken further in H1'
- China January manufacturing PMI got a boost, but still in contraction
- China manufacturing and services PMIs earlier - recap
- China official manufacturing PMI for January: 49.5 (vs. expected at 49.3)
- China non-manufacturing PMI (January): 54.7 (expected 53.8)