Plenty of China news about today … mainly the Trump tariffs of course:
- US to impose extra tariffs on China from September 24 , around US200bn
- More from Trump - if China retaliates will put tariffs on another 267bn
USD/CNY mid rate is not too much different from yesterday, a touch weaker for the onshore yuan is all. Thought the bank would set it weaker. Nope.
In Open Market operations,
- PBOC inject 150 bn yuan through 7-day reverse repos in open market operations
- PBOC injects 50bn yuan via 14-day reverse repos
