People's Bank of China skips open market operations today
- As they did yesterday and Friday
- Statement from the Bank saying liquidity level is relatively high due to high fiscal expenditure
Accounting for maturities this is a net drain of 10bn yuan today
Yuan set weaker today.
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Still to come from China today:
0130GMT Industrial Profits for May
- prior +14% y/y
030GMT Premier of China Li Kequiang speaking at the World Economic Forum's Annual Meeting of the "New Champions", in Dalian
