And, there we are, the sharp devaluation of the onshore yuan halted today
- Monday's mid rate little changed from Friday's
As of Friday it was 8 days in a row of PBOC devaluations. That streak halted today
People's Bank of China to skips OMOs today
- net drain of 20bn yuan
Friday's setting of the yuan against its basket was at 95.66
- down from 97.38 the previous week
You can see the yuan is being cut by the PBOC not only against the USD -0 this is basket from CFETS
