People's Bank of China reference rate set for the day for the USD/CNY
- yesterday's close was 6.5555
- yesterday's mid point was set at 6.5314
PBOC to inject 70bn yuan via 7-day reverse repos today
190bn net injection this week (60 bn yuan drain last week) ... largest net weekly injection since February of 2015
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Another big weakening for the yuan from the People’s Bank of China - down more than 0.5% today
AUD and NZD lower, as is USD/JPY .... thus AUD and NZd / yen crosses smashed
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Added .... CNY-CNH spread widens again.
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The USD/CNY mid-points setting, past 6 months:
