PBOC sets USD/ CNY reference rate for today at 6.4596 (vs. estimate at 6.4641)

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.
Previous close was 6.4521

Weakest since October 21 2021 for the onshore yaun.

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