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

<p>The reference rate is here, the weakest for onshore yuan since November 10 last year:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-reference-rate-for-today-at-72056-vs-estimate-at-72095-20230626/" target="_blank" rel="follow" data-article-link="true">PBOC sets USD/ CNY reference rate for today at 7.2056 (vs. estimate at 7.2095)</a></li></ul><p>In open market operations the PBOC injected 244bn yuan</p><ul><li>89bn yuan in OMOs matured today</li><li>thus the PBOC injected a net 155bn yuan</li></ul><p>The rate remained at 1.90%.</p>

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