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