The People’s Bank of China is continuing to support the yuan, setting its reference rate today nearly 1100 pips lower than the estimate.
PBOC sets USD/ CNY mid-point today at 7.0943 (vs. estimate at 7.2037)
Once again AUD and NZD have seen a few bids right around this time.
NZD/USD retracing already:
This article was written by Eamonn Sheridan at www.forexlive.com.