The yuan has firmed against the USD for the 3rd straight session
- The PBOC fixed its daily centre rate at a 2-month high today (at 6.1267, the strongest for the yuan since February 6)
- Spot opened around 6.1880
"Market sentiment has improved a lot," said a trader at city commercial bank in Shanghai. "That is because the authorities have made it clear that they do not want to see a weakening yuan."
Meanwhile, the Shanghai Composite (stop me if you've heard this one) is higher again today:
