PBOC sets USD/ CNY mid-point today at 6.4904 (vs. yesterday at 6.4758)
People's Bank of China set the onshore yuan reference rate for the trading session ahead.
- weakest for the onshore yuan since January 4 this year
PBOC add in 10bn yuan through 7-day RRs in open market operations
- 10bn mature today
- thus net 10bn drain