The onshore yuan mid-rate for the trading session ahead set by the People's Bank of China.
- The Bank allows trading in a band +/- 2% of this rate for the onshore yuan.
- The offshore yuan (CNH) has no such limit imposed.
PBOC still confirming the strength of the yuan.
PBOC injects 120 billion yuan liquidity via 7-day reverse repo
- 100 billion yuan reverse repo mature today
- thus a net 20 billion yuan addition
