Yesterday's USD/CNY mid point was set at 6.5041, continuing the run of higher yuan settings.
- A slightly softer setting for yuan today though
There have been plenty expecting the People’s Bank of China to devalue the yuan, like today for example: Private equity firm advice for the PBOC - devalue the yuan or be 1990s Japan
I'll have to admit a bias and put my hand up as one of those expecting the bank to devalue further. Maybe after the NPC.
Here's the USD/CNY central rate lately (past year, doesn't include today's rate):
