People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. 6.7135 is the strongest for the CNY since July 11 last year.
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 6.7000
People's Bank of China:
injects 82bn of 7-day reverse repos (RR) in open market operations (OMO), rate unchanged at 2.0%
injects 74bn yuan in 14-day RRS, rate unchanged at 2.15%
Also:
In an MLF operation, 779bn yuan amount injected vs. 700 billion yuan maturing today, Rate unchanged at 2.75%
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