USD/CNY mid-point reference rate

  • Yesterday's close was 6..5890
  • Yesterday's mid point was set at 6.5616, a slight strengthening of the CNY and the 5th consecutive day or stability for it

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USD/CNY is a 'managed float'

  • The PBOC allows the rate to fluctuate plus or minus 2% from the daily reference rate

The 'offshore' yuan (CNH) can vary free of this restriction. It fell again yesterday (i.e USD/CNH higher):