People's Bank of China reference rate for the RMB against the USD today, stronger for the yuan

Open market operations, the PBOC to:

  • to inject 100 bn yuan via 7 day reverse repos
  • to inject 40 bn yuan through 14 day reverse repos

100bn yuan mature today (for RRs), thus a net 40 bn yuan injection

For the week, the People's Bank of China has injected a net 510bn yuan in OMOs (70 bn yuan drain the previous week)