Further reports of Chinese state banks FX intervention to support yuan, selling USD/CNY

I posted earlier on intervention Tuesday:

State bnaks have been sighted once again selling USD on Wednesday morning.

The impact so far (this is offshore yuan):

Earlier the PBoC set the reference rate stronger than expected for the CNY:

But, they have been doing so for many months.

This article was written by Eamonn Sheridan at www.forexlive.com. Source