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The People's Bank of China is expected to set the USD/CNY reference rate at 6.7763 today

The People's Bank of China is expected to set the USD/CNY reference rate at 6.7763 today

Central Banks
Eamonn Sheridan
16/08/2022 | 00:14 GMT

The mid rate will be set at 0115 GMT. This expectation comes via Reuters estimate.

CNY is the onshore yaun, its permitted to trade +/- 2% from the mid rate each day.

This chart is the offshore yuan, CNH, where no such restriction is in place.

usdcnh hourly 16 August 2022

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