By midday, it was changing hands at 6.4220, 251 pips weaker than the previous late session close. On Thursday, the bank conducted a 30 billion yuan liquidity injection through seven-day reverse repurchase agreements, the first time since late February that it has not conducted a 10 billion yuan daily injection. OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.4822 -0.03% * Offshore 6.6502 -2.52% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint. . (Reporting by Andrew Galbraith; Editing by Lincoln Feast) OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.426 -0.06% * Offshore 6.5909 -2.44% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint. . (Reporting by Winni Zhou, Jindong Zhang and Andrew Galbraith; Editing by Simon Cameron-Moore) Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.4298 per dollar, 220 pips or 0.34% weaker than the previous fix of 6.4078, the weakest since May 24.
John crackdown-Andrewouf-Gordon was for the interpretation of the policy decisions.
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John crackdown - Andrewouf - Gordon was for the interpretation of the policy decisions .
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