On the heels of chaos in the FX markets created by a non-currency-manipulating President Trump's comments that the dollar is too strong, Chinese authorities have folded - after 13 days - and resumed liquidity injections through open market operations (70 billion Yuan).
In addition, PBOC strengthened the Yuan Fix by 0.45% - the biggest mover since mid-January.
And offshore Yuan is surging...
One wonders if the sudden liquidty injection is a response to the currency moves or the commodity carnage?