In open market operations from the People's Bank of China:
- inject 200 bn yuan via 7-day reverse repos
- inject 260 bn yuan via 28-day reverse repos
Another huge money injection today ... this compares with the huge OMO injection yesterday
Today's injection of funds is the biggest on net basis since 2004
A good sized yuan strengthening move from the People's Bank of China today. CNY at its highest against the USD since November of 2016 today
