PBOC is expected to set the USD/CNY reference rate at 6.8724 – Reuters estimate

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.
</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from the daily reference rate.
</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li></ul><p>From Monday ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/chicagos-cme-opened-options-trading-for-chinese-yuan-futures-on-monday-03-april-2023-20230403/" target="_blank" rel="follow" data-article-link="true">Chicago's CME opened options trading for Chinese yuan futures on Monday, 03 April 2023</a></li></ul><p>—</p><p>And, USD/CNH update:</p>

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