If this is true, Arbitrum can soon touch $2
China & Hong Kong stocks are higher Monday - Premier's weekend opening comments?

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

  • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.
  • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.
  • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.

The previous close was 7.2800

more to come

PBOC injects 18bn via 7-day RR, sets rate at an unchanged 1.8%

  • 658bn yuan of RRs mature today
  • thus a net 640bn yuan drain on the day in Open Market Operations (OMOs)

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