PBOC sets USD/ CNY reference rate for today at 6.3034 (vs. Friday at 6.2897)

CNY set a little weaker against the USD today by the People’s Bank of China 

  • PBOC inject 80bn yuan through 7-day reverse repos in open market operations (OMOs) today
  • injection matches maturities

ps. Over the weekend:

China’s economic fundamentals are strong and the country has sufficient policy tools to guard against systemic risks, People’s Bank of China Governor Yi Gang said on Saturday, according to Xinhua. That is via
Reuters , more here.
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