Another Yuan devaluation by the PBOC

By FXStreet FXStreet (Bali) – Following yesterday’s Yuan devaluation – USD/CNY fix was highest since April 2011 -, today’s PBOC USD/CNY mid-point came at 6.5646 vs yesterday’s fix of 6.5314 and close at 6.555. PBOC to inject 70bn yuan via 7-day reverse repos today.

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Source:: FX Street