PBOC sets USD/ CNY reference rate for today at 6.8198 (vs. estimate at 6.8251)

Ethan Andrews 22 sierpnia, 2022 in Forex Tagged CNH, CNY, PBOC, USD - 0 Minutes

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 6.8170