PBOC sets USD/ CNY central rate at 7.1534 (vs. estimate at 7.1509) ...Middle East

More strength again for the yuan, against a very weak US dollar. The mid-rate at 1.1534 today is the strongest for CNY since November 8 last year.

"1H" decline of 10.8% for the USD is NOT one hour! Its the fall in one half, ie six months

PBOC injected 131bn yuan via 7-day reverse repos at 1.40%

406.5bn yuan mature today net drain is 275.5bn yuan This article was written by Eamonn Sheridan at www.forexlive.com.

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