Heads up for the PBOC setting today's CNY reference rate; more depreciation? - ConsultFX

Heads up for the PBOC setting today's CNY reference rate; more depreciation?

Will the People's Bank of China send the onshore yuan lower again today, depreciating it further? Société Générale says whether or not the depreciation is a Bank policy is a question traders will be asking more often. And, the bank warns …