Whew ... that headline is a mouthful ...

  • For today, the People's Bank of China (PBOC) sets the yuan reference rate at 6.4663
  • Yesterday China was closed for a holiday
  • So the previous mid-point setting was on Friday (April 1), which was at 6.4585

A slightly weaker CNY fixing today

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In Open Market operations today, the PBOC injects 60bn yuan via 7-day reverse repos