USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD/CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.Weakest for CNY since November 5 last year The previous close was 6.6535The PBOC inject 10 yuan via 7 day reverse repos (rate remains at 2.1%) 10bn yuan mature today
thus a net neutral
PBOC sets USD/ CNY reference rate for today at 6.6332 (vs. estimate at 6.6402)
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