PBOC sets yuan mid-point at 6.1465

FXStreet (Bali) - PBOC fixes yuan mid-point at 6.1465 dollars vs 6.1440. The bank will drain 20 bln yuan via 28-day repos and 32 bln yuan via 14-day repos today, according to unnamed traders cited by Reuters. PBOC has drained 98 bln yuan for week versus 48 bln yuan drain last week

NZD/USD flying high

NZD is holding up, despite comments from New Zealand’s Financial Minister that the currency is “a bit too high”. The bird also got an extra lift today from upbeat trade data also.
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