People's Bank of China (PBOC) sets yuan reference rate 6.4010

  • Prior fix (Wednesday) was at 6.3306
  • Wednesday's close was 6.3858

Slow to come to us today ... its often a minute or two after 0115GMT ... sure was today

OK ... 6.4010 .... another aggressive devaluation from the PBOC, down 1.1% from Wednesday's fix

(so that -1.9% on Tuesday, then -1.6% on Wednesday, and down 1.1% today)

China to inject 40bn yuan into money market today, via 7-day reverse repos

Note: PBOC briefing coming up at 0215GMT

AUD dipped on the announcement, but has bounced straight back