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

  • 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 7.1716

more to come

Source: https://www.forexlive.com/centralbank/pboc-sets-usd-cny-reference-rate-for-today-at-71-vs-estimate-at-71808-20230804/