The USD/CNY rate was set at 6.5528 on Friday
A slight weakening of the CNY today
6.5539 from 6.5528 ... barely changed, but still.
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No info yet on if the PBOC is conduction open market operations today (ICYMI: People's Bank of China says OMOs to be conducted every working day until February 19)
OK, confirmed, People’s Bank of China to skip OMOs today - (Reuters cites traders)
The People’s Bank of China has been injecting a lot of funds through reverse repos and through other mechanisms. Thoughts are it is doing so to avoid a RRR cut. M'eh ... I reckon they'll still do one, but I have no idea on timing.
