USD/ CNY reference rate for today, weakening the yuan quite sharply
And, for open market operations, People's Bank of China to inject 80bn yuan:
- To inject 40 bn yuan through 7-day reverse repos
- To inject 20 bn yuan through 14-day reverse repos
- To inject 20 bn yuan through 28-day reverse repos
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Earlier we got data on the use of yuan in global transactions. 1.78% in March
- 6th place, behind USD, EUR, GBP, JPY, CAD
- CNY was in 5th place this time last year
6th place? Doing better than my footy team in its competition then. :-(