On Friday China Foreign Exchange Trade System (CFETS, the interbank trading and foreign exchange division of the People's Bank of China) set the RMD index at 94.42.
- MOAR CNY strength confirmed by the PBOC today to open the week
- USD/CNY at its lowest since June 23 of 2016
No open market operations from the People's Bank of China today
- Says current money market liquidity is relatively high
- For the day, 140bn yuan in RRs mature, thus a net drain of 140bn yuan
- 3rd day in a row of no OMOs
Earlier from China: