People's Bank of China (PBOC) sets yuan reference rate at 6.1205 via ForexLive

• Prior close was 6.2163
• Has subsequently traded to 6.2225 in early trades, which is the weakest for CNY since June this year

On interest rates, the 7-day repo opened at 5.22% vs. 5.28% average for the previous day

• Subsequently been up to just above 5.8%
• 14-day repo at 8%, highest since January

Nothing is holding back Chinese equities, though … the Shanghai Composite just hit a 4-year high

posted via ForexLive