Forecasts were for a slightly lower USD/CNY reference rate again today. A brave lot the people predicting what the PBOC will do, hats off to them.
(Actually the consensus of all of 'em was higher, but the ones I had seen were very close to the money in tipping just a few points lower than Wednesday's rate. Nevertheless all of them are brave souls indeed).
PBOC skips open market operations
- no RRS mature today, thus neutral potions from the bank
