The ongoing tight liquidity in China is being eased a little today,
The PBOC will inject 35bn yuan for the week (vs. no drain nor add last week)
35bn of 7-day reverse repos today
With this, the PBOC is conducting open market operations for the first time since April 16
-
AUD and NZD both liking it.
NZD/USD especially, but entering an area now with sellers (earlier orderboard is here)
