PBOC sets USD/ CNY mid-point today at 6.7612 (vs. estimate at 6.7618)

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.
  The previous close was 6.7529

• The PBOC injects 2 yuan via 7-day reverse repos (rate remains at 2.1%)
  2bn yuan mature today
  thus a net neutral in OMOs today