Reference rate for CNY against the USD from the People's Bank of China, weaker for a 5th consecutive day and the weakest for the yuan since August 25.

In Open Market operations, the bank to skip these; with maturing reverse repos that equates to a net 160bn yuan drain today. In its statement, the Bank says liquidity in the banking system is relatively high.

  • For the week, drain of 360bn yuan (450bn injection the previous week)

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Earlier ... on the yuan!