PBOC sets USD/ CNY reference rate for today at 6.8488 (vs. yesterday at 6.8389) - ConsultFX

PBOC sets USD/ CNY reference rate for today at 6.8488 (vs. yesterday at 6.8389)

The People's Bank of China reference rate sets a mid point for the session's onshore yuan trading.  - The Bank allows USD/CNY to fluctuate plus or minus 2% from the rate only. Weaker for the CNY again today … expect more of that to come I reckon.