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

  • USD/CNY is 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.

  • The previous close was 6.4570
  • Reuters estimate was 6.4600. A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.

Waiting on this info from the Bank, should be along in a few minutes --> PBOC injects ???

Will be added as soon as available

Here we go ...

PBOC injects 100bn yuan in 14-day reverse repos

  • no RRs mature today
  • thus a 100bn net injection