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USD/CNH around 6.8250 ahead of the PBOC mid rate setting

Eamonn Sheridan
01/08/2018 | 00:50 GMT

I wondered aloud a little earlier about the yuan refence rate setting today

  • 25% tariffs! Today's PBOC USD/CNY reference rate setting just got very interesting!

I'm not the only one, this snippet via Macqaurie:

  • USD/yuan is likely to "catch a bid"

And yes, that it has:

ps. just a touch below 6.8250 as I post ….

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