Monday 11 September 2017 reference rate for the onshore yuan
- Higher mid-rate (for the CNY) again
- Up for an 11th consecutive session
- Its highest since May of 2016
People's Bank of China skips open market operations (OMOs) again today
- There are maturing RRs of 40bn yuan today, thus a net 40bn yuan drain from money markets
On Friday the People's Bank of China (through CFETS) set the RMB at 95.16 against its basket(from 94.42 the previous Friday)
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Plenty of news and views on the CNY today:
