PBOC sets USD/ CNY mid-point today at 6.8677 (vs. yesterday at 6.8856)
People's Bank of China with a stronger CNY against an across the board weaker USD
PBOC skips OMOs today
- 100 bn yuan of RRs mature
- thus a net drain of 100bn yuan
PBOC cites reasonably ample banking system liquidity despite the maturing RRs and tax payments.