USD/ CNY mid-point rate for Monday trade
On Friday the yuan was set against its basket at 93.22
– vs. previous Friday at 93.24
No open market operations today from the PBOC. In effect that is a drain of 50bn yuan due to maturities.
USD/ CNY mid-point rate for Monday trade
On Friday the yuan was set against its basket at 93.22
– vs. previous Friday at 93.24
No open market operations today from the PBOC. In effect that is a drain of 50bn yuan due to maturities.