PBOC sets USD/ CNY reference rate for today at 7.0555 (vs. yesterday at 7.0671)
Onshore yuan central rate from the People's Bank of China for the session ahead. Stronger CNY again in line with the moves for the USD overnight.
- USD/CNY is permitted by the Bank to trade +/- 2% from here
USD/CNH faces no such limits.
PBOC inject 180bn yuan through 7-day reverse repos in open market operations (OMOs)