PBOC mid point for the USD/CNY today

  • yesterday's close was 6.33988
  • yesterday's mid point was set at 6.3958

PBOC to inject 30bn yuan via 7-day reverse repos today. Injects 50bn yuan net this week (vs. zero inject or drain last week).

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The Chinese central bank allows the yuan to trade +/-2% from the mid-point

The 'offshore' USD/CNH is allowed to do whatever it wants, though.