PBOC sets USD/ CNY central rate at 7.0711 (vs. yesterday at 7.0812)
And a big thank-you for Adam for covering for me yesterday!
He posted this chart, worth another look with USD/CNY set lower again today by the PBOC:
USD/CNY struggling to surpass its 2019 high.
In OMOs, PBOC inject 60bn yuan via 7 day reverse repos