People's Bank of China weakening the onshore yuan yet again today
Expectations I had seen were for an even lower yuan though. I have to say, those who predict the daily setting are doing so even while the PBOC does not disclose how it actually makes its decision.
PBOC skips open market operations (this is for the 24th session in a row!)
- no RRS mature today, neutral from the bank
- 24 consecutively is the longest streak since 2016
