PBOC sets USD/ CNY central rate at 6.6649 (vs. estimate at 6.6597)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

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.
The previous close was 6.6544

more to come

The PBOC inject 10 yuan via 7 day reverse repos (rate remains at 2.1%)