PBOC expected to set Yuan midpoint at 6.3635.The PBOC is expected that the Yuan point at 6.3635. That compares to the midpoint yesterday of 6.3677USD/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
Source: PBOC expected to set Yuan midpoint at 6.3635. (https://www.forexlive.com/news/pboc-expected-to-set-yuan-midpoint-at-63635-20220322/)
forexlive.com