PBOC sets USD/ CNY reference rate for today at 6.4596 (vs. estimate at 6.4641)

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 than expected is typically considered a signal from the PBOC.
Previous close was 6.4521Weakest since October 21 2021 for the onshore yaun.The PBOC inject 10bn yuan via 7 day reverse repos (rate remains at 2.1%)

10bn yuan mature today
thus net neutral in OMO on the day