PBOC Sets Yuan Mid-Point, Shows Fluctuations, Conducts RRP Operations

The People's Bank of China (PBOC) set the yuan mid-point at various levels over consecutive days, including 7.0938, 7.0957, and 7.0949 per dollar. The mid-point fluctuated, reaching the highest since March 13. PBOC conducted 7-day RRP operations, draining billions of yuan from the market.