People's Bank of China setting the mid rate for the USD/CNY today weaker for the yuan against the USD

Stronger USD since the previous setting, so hardly a surprise. Quite a big move, though.

In open market operations:

  • To inject 30bn yuan via 7-day reverse repos
  • To inject 20bn yuan via 7-day reverse repos
  • To inject 20bn yuan via 7-day reverse repos