I posted on the fall for the yuan this week:
Reuters polling has the expected USD/CNY mid-rate at 6.4134 for today.
- 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.
