People's Bank of China onshore yuan reference rate, USD/CNY is permitted to trade plus or minus 2% of this rate for the day
Weaker for the CNY for the third day in a row
In open market operations
- People's Bank of China to inject 60bn yuan with 7 day reverse reops
- To inject 30 bn yuan with 14-day RRs
- And to inject 10 bn via 28-day reverse repos
Net 100bn yuan injection (no RRs mature today)
