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PBOC injects a net 250 bln Yuan this week via OMOs

China’s central bank, the PBOC injected a net 250 bln Yuan for the week via open market operations (OMOs), versus a net 535 bln drain last week.

For today, the Chinese central bank injected 105 bln Yuan through 7 day reverse repos, and injected 40bn yuan through 28-day reverse repos, MNI quoted traders.

PBOC sets USD/CNY reference rate at 6.9508

The People's Bank of China (PBOC) set the daily reference rate at 6.9508 compared to previous day's fix of 6.9289
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EUR/USD sees chart driven recovery from 14-year low

Oversold Chart factors came into play in Asia, helping the EUR/USD pair to recover from the 14-year low of 1.0336 to 1.0430 levels. Eyes Eurozone CPI
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