What the heck! Now China makes the market moves.
People’s Bank of China (PBOC) sets yuan reference rate at 6.5646
People's Bank of China reference rate set for the day for the USD/CNY • yesterday's close was 6.5555 • yesterday's mid point was set at 6.5314PBOC to inject 70bn yuan via 7-day reverse repos today 190bn net injection this week (60 bn yuan drain last week) ... largest net weekly injection since February of 2015 - Another big weakening for the yuan from the People’s Bank of China - down more than 0.5% today AUD and NZD lower, as is USD/JPY .... thus AUD and NZd / yen crosses smashed - Added .... CNY-CNH spread widens again. - The USD/CNY mid-points setting, past 6 months: