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