This is the USD/CNY reference rate for the day. The PBOC allows markets to trade USD/CNY plus or minus 2% from this central rate.

A bit of strengthening for the CNY from the Bank today. Just a little.

In OMOs:

  • inject 40bn yuan via 7-day reverse repos
  • inject 190bn yuan via 28-day reverse repos

On Friday CFETs set the index at 94.78, lower by 94.78 for the week.