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: