In open market operations the Bank has added in (!) yuan via OMOS

  • 130bn through 14 day reverse repos
  • 170bn yuan via 7 day RRs

No RRs are due to mature today, so a net injection of 300bn yuan for the day

6.6758 is the reference rate

Sry, gremlins ate the important bit of the headline … I cooked another one and have served it up now

Today's central rate for the CNY against the USD is the weakest for the onshore yuan since mid-August of 2017

Stay tuned, more to come from China today: