Friday brought a big devaluation for the onshore yuan against the USD from the People's Bank of China. It was the sharpest move weaker for it from the Bank since January of 2017.
On Friday also, the yuan was set at 96.96 against its basket (RMB index via CFETS)
A rise of 0.64 from its previous Friday's rate
People's Bank of China skips OMOs again today
- Neutral position - no net injection nor drain today
Its a bit of a short week this week in China - the LNY festivities begin on February 16
And, coming up:
