People's Bank of China edge the CNY a little lower. Not much in it.
The trend is USD/CNY higher each day, but not by as much as expected. Contunues again today.
In open market operations, the PBOC inject 60bn yuan through 7-day reverse repos
- note that 60bn mature today, thus net zero
"Yes, Mr. President, 7.0835 is what the PBOC asked me to tell you."
