People’s Bank of China set the onshore yuan mid-rate for the trading session ahead.
No let-up from the central bank in China in confirming the strength of the yuan. Huge move stronger, six and a half big figures! (648 points)
Reuters estimate from their survey was 6.4978, Bloomberg 6.4761
PBOC inject 10bn yuan through 7-day RRs in open market operations
- 140bn mature today
- thus a net drain of 130bn