On Friday CFETs set the yuan against its basket at 92.37
- previous Friday it was set at 92.31
OK, back to today...
Weaker again for the onshore yuan mid rate from the Bank, Friday's was 6.9329
PBOC skips open market operations
- no RRS mature today, thus neutral potions from the bank
Also, Xinhua have a piece up on the PBOC quarterly monetary policy implementation report:
- reiterates that the Bank will maintain prudent and neutral monetary policy
- will ease or tighten only as appropriate to make financial sector better serve the real economy
Whatever is mom and apple pie in China, that's it
