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.
Mid rate set 80-odd points higher than the Reuters survey estimate. CNY at its weakest (ie USD/CNY its highest) since December 9.
The previous close was 6.3588
Yesterday's mid-rate was 6.3658
PBOC injects 10bn yuan via 7-day reverse repos
- no RR mature today thus a net 10bn yuan injection
