Meanwhile, over at the money market desk, the PBOC injects 65bn yuan via 7-day reverse repos
The USD strength on Friday (especially in the US timezone) playing out in a higher USD/CNY setting today from the PBOC.
ps. The 'Guess the fixing' game is back on amongst the banks.
- Nomura was at 6.5767 today.
- ANZ was at 6.5819
Not too bad from both