People's Bank of China is still pedal to the metal on the yuan, another revaluation again today vs. the USD
The USD is falling pretty much against everything, its broad index is on 3 year lows, PBOC joining in.
In Open Market operations today, PBOC to:
- inject 110 bn yuan through 7 day reverse repos
- inject 100 bn yuan through 14 day reverse repos
- inject 10 bn yuan through 63 day reverse repos
Net 50 bn yuan injection
