PBOC sets USD/CNY central rate at 6.5810 (vs. yesterday at 6.6021)

Onshore yuan reference rate, the People’s Bank of China permits trading in a plus or minus 2% band from here
And, in Open Market operations … PBOC to
– inject 30 bn yuan through 7 day reverse repos

After accounting for maturing RRs it’s a net 20bn…

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