People's Bank of China onshore USD/yuan mid-rate higher again with the move up for the USD overnight.
PBOC injects 100 bn yuan via 7 day RRs in OMOs today & 100 bn in 14 dayers
- 120 bn in RRs mature today
- Net injection is therefore 80 bn yuan
PBOC injects 100 bn yuan via 7 day RRs in OMOs today & 100 bn in 14 dayers
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