People's Bank of China inject 30bn yuan through 7-day reverse repos in open market operations (OMOs) today
Another strengthening for the CNY against the USD today
The PBOC is limiting CNY weakness against the USD despite the USD strength overnight, as they did yesterday.
I posted a few days ago on the chap looking for an end to yuan devaluation: Top ranked yuan forecaster says the decline is nearly over
Svenska on the right side so far. I can't think the yuan weakness is over though. A weaker yuan is just too big a free-kick for the authorities to pass up, supporting Chinese exports.
