Yuan reference rate, a weaker CNY again today (4th consecutive day), 6.6285
Stay tuned for next week!
Actually, don't .... China is on holidays all next week.
For this week that means money markets are a little tighter - there is big demand for cash ahead of holidays (not the only influence).
For today, the People's Bank of China is to inject
- 50 bn yuan through 14-day reverse repos
- 20 bn yuan via 28-day reverse repos
Injection matches maturities for today
