People’s Bank of China (PBOC) sets the USD/CNY mid-point reference rate at 6.4085
– The bank sets the mid-point each day (Monday to Friday) and then allows the rate to fluctuate +/-2% either side of this central point.
Yesterday the rate was set at a (then) 4-year central point low (for the yuan) of 6.4043. Yuan set weaker again today. Devaluations (albeit teeny tiny) continue