<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.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 6.8515</p><p>more to come</p><p>6.8519 is the weakest for the CNY (highest for USD/CNY) sin January 6 this year.</p><p>-PBoC injects 487bn yuan of 7-day reverse repos at an unchanged rate of 2.0%453bn yuan of RRs mature todaythus a net injection of 34bn yuan on the day in open market operationseur</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
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