And, on Friday the PBOC (CFETS) set the yuan against its basket at 94.75
From its 94.90 the previous Friday
HUGE USD/CNY change today from the bank. CNY to its highest since May 3 2016
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People's Bank of China to:
- inject 80 bn yuan via 7 day reverse repos
- inject 70 bn yuan via 14 day reverse repos
in open market operations today.
net 50bn yuan injection.
more to come