People’s Bank of China injects 130 bn yuan - sets USD/CNY mid-point at 6.5169

  • Prior close for USD/CNY was 6.5338
  • Yesterday the mid rate was set at 6.5032

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That's a huge injection from the central bank ... providing a big boost of liquidity to the market in China and (it seems obvious) intended to support the stock market. It's the biggest injection of funds into the open market operations since September.

On the yuan fix ... another weaker mid point today

more to come