USD/CNY is a 'managed float'

  • The PBOC allows the rate to fluctuate plus or minus 2% from the daily reference rate

  • yesterday's close was 6.3460
  • yesterday's mid point was set at 6.3402

USD strength reflected in a weaker setting for the yuan today

-

China stockmarkets open at 0130GMT. CSI300 futures are indicating around +1.3%