People's Bank of China OMOs today, first time in 14 days:
- To inject 70 bn yuan through 7-day reverse repos
- To inject 20 bn yuan through 14-day reverse repos
- To inject 20 bn yuan through 28-day reverse repos
(Net OMO injection of 70bn yuan)
And a big strengthening for the yuan today against the USD, this in line with a weaker USD overnight, a lot it following US President Trump saying he wanted a weaker USD, and plenty else besides:
