The PBOC set onshore yuan at its weakest since early November 2022, plus big OMO injection

The reference rate is here, the weakest for onshore yuan since November 10 last year:

• PBOC sets USD/ CNY reference rate for today at 7.2056 (vs. estimate at 7.2095)

In open market operations the PBOC injected 244bn yuan

• 89bn yuan in OMOs matured today
• thus the PBOC injected a net 155bn yuan

The rate remained at 1.90%.

This article was written by Eamonn Sheridan at www.forexlive.com. Source