PBOC sets USD/CNY mid-point today at 6.8808 (vs. yesterday at 6.8575)

People's Bank of China setting the mid rate for the USD/CNY today weaker for the yuan against the USD

Stronger USD since the previous setting, so hardly a surprise. Quite a big move, though.

In open market operations:

• To inject 30bn yuan via 7-day reverse repos
• To inject 20bn yuan via 7-day reverse repos
• To inject 20bn yuan via 7-day reverse repos