Yuan rate at highest since July 2018
- Prior report HERE
- China Cbank to skip open-market operations today
- With no reverse repos maturing on Monday, China Cbank makes no for an injection or withdrawal on the day
- The earlier Reuters poll expected a fixing of 6.7453
- China set Yuan midpoint at strongest level since July 19, 2018
Ahead of the US/China meeting this week, raising the Yuan would be the politically right way to go, I guess. The USD fell sharply on Friday too.
