USD/CNY reference rate for today set by the PBOC at
- yesterday's close was at 6.3679
- yesterday's mid point was set at 6.3709
And so the itty bitty strengthening of the the yuan by the PBOC continues again today. Stock markets are about to open in China (at 0130GMT), maybe that will give us something a bit more interesting
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Added (details via Reuters)
- PBOC to inject 50 billion yuan into the money markets through 7-day reverse bond repurchase agreements on Tuesday
- M Maturing reverse repos will drain a net 230 billion yuan from the banking system this week
- PBOC conducted a net injection of 80 billion yuan into the banking system last week