PBOC sets USD/ CNY central rate at 6.3014 (vs. estimate at 6.2991)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 PBOCThe previous close was 6.
Source: PBOC sets USD/ CNY central rate at 6.3014 (vs. estimate at 6.2991) (https://www.forexlive.com/centralbank/pboc-sets-usd-cny-central-rate-at-63014-vs-estimate-at-62991-20220301/)
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