The mid-rate for onshore yuan is expected at 7.0951 (Reuters estimate).

  • the setting is due at 0115 GMT

Its been a roller coaster for the yuan this week. It appears to me that with the focus on the ructions in the UK the PBoC took the opportunity to confirm a weaker yuan. In the middle of the week the bank issued a warning against continued 'one-way' moves and this has seen some retrace.

Offshore yuan update:

usdcnh chart 30 September 2022