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 6.7245
  • 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


A one-month high for the CNY at the mid-rate setting today. The USD weekend overnight after the CPI report.

eur (please ignore)