The USD/CNY reference rate is set by the People's Bank of China each business day
Strongest yuan fix from the bank since April 1
And ... for today's instalment of Open Market operations:
- PBOC inject 40bn yuan in 7-day reverse repos
USD/CNY mid-points - CNY strongest against the USD since April 1. Then again, a lot of currencies have been gaining against the USD:
And, I haven't posted the basket case rate for a while, this the latest (via Bloomberg) - weaker yuan against its basket:
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Still to come from China today ... Trade balance data
