PBOC sets USD/ CNY mid-point today at 6.4566 (vs. estimate at 6.4570)

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 6.4560
  • Reuters estimate was 6.4570. A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.

PBOC injects 10bn yuan via 7-day reverse repos

  • 10bn RRs mature today
  • thus net neutral on the day
Go to top