- 7- day repo opened at at 3.42% (same as Thursday’s close)
A big weakening of the yuan, the most since 20th of March.
And, reports MNI, liquidity draining operations continue:
- The People’s Bank of China has transacted CNY50 billion in sterilization instruments with Industrial and Commercial Bank of China to remove liquidity from the bank, financial information service Wind reports, citing market sources.
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At the margin these are short-term negative inputs for the AUD
