PBOC sets USD/ CNY reference rate for today at 7.1209 (vs. Friday at 7.0939)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China substantially weakening the yuan at the mid rate setting 

Weakest CNY mid rate since 2008 (this chart doesn't go back that far)

No open market operations from the PBOC today.

(unrelated but note the RBA skipped QE bond buying today also) 

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