The reference rate is barely changed for the USD/CNY today. Open Market Operations:
- To inject 20 bn yuan through 7-day reverse repos
- To inject 20 bn yuan through 14-day reverse repos
There are 20bn yuan of maturing reverse repos today ... so a net 20bn yuan injection today.
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There are quite a few bits and pieces around the place on China today - yuan, downgrade & more - I'll post them up spearately
