PBOC sets USD/ CNY mid-point today at 6.8160 (vs. yesterday at 6.8526)

Author: Eamonn Sheridan | Category: Central Banks

China US trade talks have been in the news, the latest:

I don't know about you but those comments seem sort of pro forma and have not left me feeling warm and fuzzy …. 

Wow … a huge chunk taken out of USD/CNY today by the Bank (from yesterday's mid rate) …. the yuan has continued to strengthen and the PBOC not standing in the way. 
  • CNY strongest setting since August of 2018

People's Bank of China skips open market operations today, net drain of 70bn yuan after RRS maturing

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