On Wednesday last week the People's Bank of China set the reference rate for onshore yuan at 6.8992
- On Thursday at 6.8994
- On Friday they had eyes on the weekend and just split the difference with a set at 6.8993
They are back on board today, with a ramp to 6.8924
Just kidding about the ramp.
PBOC inject 80bn yuan through 7-day reverse repos in open market operations (OMOs) today