USD/ CNY for the day

In Open Market operations ... the People's Bank of China skip open market operations again today ... taking into account maturing notes its pretty much a net drain of 10bn yuan for the day.

  • Bank says liquidity is at a relatively high level
  • 11th consecutive day with no OMOs

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Earlier from China:

  • China press: GDP growth may stabilise at a slower pace in Q2 of 2017
  • China: Insurance regulator investigated, Beijing land release (1.5m homes), iron roosters