Stuck in the middle with the yua (n) ... today's USD/CNY mid-point set at 6.5616, a slight strengthening of the yuan

  • yesterday's close was 6.5743
  • yesterday's mid point was set at 6.5630 for the fourth consecutive day of a stable setting

People’s Bank of China injects 160bn yuan into money markets today

  • Has injected net 40bn yuan this week (vs. 190 injection last week)

more to come