PBOC sets USD/ CNY reference rate for today at 6.8530 (vs. yesterday at 6.8569)

Little change again at the mid rate daily setting from the People's Bank of China

Market moving news yesterday included this:

• China's Premier Li - Won't devalue currency to stimulate exports

In Open Market operations,

• PBOC adds 40 bn yuan through 7-day reverse repos
• PBOC adds 30 bn yuan via 14-day reverse repos

net drain of 30bn yuna (100bn in RRs mature today)