Another very weak CNY reference setting is expected today, Thursday 21 April 2022

I posted on the fall for the yuan this week:

• Eyes are on the PBOC CNY setting rate today

Reuters polling has the expected USD/CNY mid-rate at 6.4134 for today.

• 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.