People's Bank of China yuan reference rate for today

Also, in Open Market operations: PBOC injects 180bn yuan via 7-day reverse repos

Another big injection

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Yesterday's USD/CNY mid point was the highest since December of 2010 ... surpassed today

Not that the PBOC are taking the piss or nothin' .... nooooo

  • No basis for long-term yuan depreciation

OK, whatever you say ....

USD/CNY mid point over the past year