People's Bank of China (PBOC) sets the USD/CNY mid-point reference rate
- yesterday's close was at 6.3660
- yesterday's mid point was set at 6.3670
Another strengthening for the yuan from the PBOC today. On the face of it, not a big move, but it's the biggest strengthening of the mid point in the past 2 weeks. I said it yesterday ... I expect this small strengthening trend to continue until the Chinese president's trip to the US is over. (Happy to hear a contrary opinion, of course)
