PBOC sets USD/ CNY reference rate for today at 6.8571 (vs. yesterday at 6.8440)

A few days ago China's Premier Li said the PBOC would not be competitively devaluing the yuan. Its has been non remarkable since then.

Will that last? Today's is a one month low, perhaps significant. Dunno.

In OMOs, the Bank skips today, says banking liquidity at a relatively high level

• a net drain of 40bn yuan due to maturing reverse repos