PBOC sets USD/ CNY central rate at 6.7042 (vs. yesterday at 6.7098)
Onshore yuan reference rate for the session ahead
People's Bank of China skips OMOs today.
- 50bn yuan RRs mature, net drain of that amount
Some news about on the yuan the past 24 hours:
- China's State Admin of FX wants to make the yuan reference rate more transparent, rule-based
- PBOC Governor Yi Gang says Bank has pulled back from day-to-day currency intervention