People’s Bank of China sets yuan reference rate at 6.4943 (vs. yesterday at 6.4565)

Author: Eamonn Sheridan | Category: Central Banks

PBOC injects 100bn yuan via 7-day reverse repos

Big weakening of the CNY against the USD today, the biggest since August of last year.
While the USD strengthened across the board overnight ... this is still a big CNY devaluation from the PBOC
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ps. I posted on the CNY basket yesterday but didn't include an up-to-date chart ... makin' amends today:

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