> Onshore yuan is at its weakest since September 2021

Onshore yuan is at its weakest since September 2021

USD/CNY to its highest

Friday, 22/04/2022 | 02:13 GMT

Another day of plunging CNY (and CNH)

Chart is of the onshore yuan. CNY is limited to movement +/- 2% from its reference rate. This is set by the PBOC at the beginning of each trading session. Today:

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

Offshore yuan, CNH, has no such limit.

USD/CNY:

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