USD/CNY mid-point

  • yesterday's close was 6.3849
  • yesterday's mid point was set at 6.3796
  • People’s Bank of China to inject 20bn yuan via 7-day reverse repos
  • Injects 10bn yuan for the week, vs. flat last week

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On Chinese mkts this morning ...

  • Dalian Iron ore
  • SHFE rebar
  • Coking coal

... all lower again