People's Bank of China (PBOC) sets the USD/CNY mid-point reference rate
- yesterday's close was at 6.3709
- yesterday's mid point was set at 6.3712
Another small strengthening of the yuan. Any bets it'll be reversed after President Xi Jinping's US visit?
PBOC injects 40bn yuan today (through 7-day reverse repos)
Net 140bn yuan injection drain this week (80bn net injection last week)