PBOC sets USD/CNY mid-point today at 6.6277 (vs. Friday at 6.6511)

PBOC inject 120bn yuan through 7-day reverse repos in open market operations (OMOs) today

• A big revaluation for the CNY today
• The biggest jump for it since June the 23rd

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Note, the China Foreign Exchange Trade System (CFETS) set its RMB Index (against its currency basket) at 95.34 on Friday, for its 3rd increase straight.