Some overnight People's Bank of China news that may have been missed

The PBOC has revealed its short foreign-currency positions (against the yuan) in forwards and futures for the first time

  • Short and long positions were published on the PBOC website on Thursday
  • Showed the PBOC held a nominal short position of $28.9 billion and $2.438 billion worth of total long positions
  • "The nominal short position ... mainly reflects PBC's FX forward position with commercial banks to meet the demand of enterprises to hedge their liabilities denominated in foreign currencies," the bank said in a note with the table

via Reuters

(and Bloomberg also)

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The IMF (and investors & traders) have been wanting such data as the PBOC uses currency swaps & other derivatives in its intervention in offshore FX markets to support the yuan