PBOC sets USD/ CNY reference rate for today at 6.4969

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

    • USD/CNY is 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.

 

  • The previous close was 6.5012
  • Reuters estimate was 6.4930 (A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC).