The People’s Bank of China set the mid rate for the USD/CNY due just after 0115GMT
Chinese stock markets then open at 0130GMT. Looking at the behavior of global stocks (the Nikkei this morning has been vomitous, down 3.3% as I update) and the USD/JPY I suspect its gonna be an ugly one today.
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On the yuan setting, I posted this yesterday: Here is why analysts and pundits are getting the yuan fix rate wrong
