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PBOC sets USD/CNY mid-point today at 6.8931 (vs. yesterday at 6.8896)

From news.forexlive.com

The People's Bank of China with its official TGIF edition on the yuan reference rate for the day. A 4th consecutive day of weakening the CNY against the USD. And, for open market operations: •To inject 40 bn yuan through 7-day reverse repos •To inject 20 bn yuan through 14-day reverse repos •To inject 20 bn yuan through 28-day reverse repos For the week as a whole the Bank injected 70bn yuan via OMOs. Last week it net drained 170bn yuan. (full story)

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