Offshore yuan (CNH) jumps higher after strong setting for onshore yuan (CNY)

<p>The strongest mid-rate for the CNY since Ausgust 11 today:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-reference-rate-for-today-at-71612-vs-estimate-at-72320-20231120/" target="_blank" rel="follow" data-article-link="true">PBOC sets USD/ CNY reference rate for today at 7.1612 (vs. estimate at 7.2320)</a></li></ul><p>Meanwhile, LPRs unchanged:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-loan-prime-rates-lpr-remain-unchanged-at-todays-rate-setting-as-expected-20231120/" target="_blank" rel="follow" data-article-link="true">PBOC Loan Prime Rates (LPR) remain unchanged at today's rate setting, as expected</a></li></ul><p>USD/CNH dropped after the strong mid-rate for CNY:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.