![PBOC sets USD/ CNY reference rate for today at 7.1305 (vs. estimate at 7.1524) PBOC sets USD/ CNY reference rate for today at 7.1305 (vs. estimate at 7.1524)](https://shmi.ir/wp-content/uploads/2023/07/PBOC-sets-USD-CNY-reference-rate-for-today-at-71305-150x203.jpg)
[ad_1] 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