PBOC injects 70bn yuan via 7-day reverse repos
A stronger fix for the yuan today from the PBOC, coming after 3 straight days of 5 year lows 'fixes' for the onshore yuan.
This reversion today is not a change in policy - it's a response to the weaker USD overnight.
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Next up - Aussie retail sales (expected +0.3% m/m and prior +0.4%) and trade balance (expected -2100m, prior -2163m) (both for April)
