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.