PBOC sets USD/ CNY mid-point today at 7.0312 (vs. yesterday at 7.0326)
People's Bank of China with a stronger setting for onshore yuan today
Not by much, but still. A surprise.
The Reuters estimate for the mid rate today was 7.0502.
At the margin a positive for risk. Following the US tariff delay which was risk positive overnight.
PBOC injects 100bn yuan via 7 day reverse repos (none mature, thus net 100bn yuan added)