The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
![https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB](https://tradinghow.com/wp-content/uploads/2025/02/primexbt-markets-e1738588646201.jpg)
![https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB](https://tradinghow.com/wp-content/uploads/2025/02/primexbt-markets.jpg)
![https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB](https://tradinghow.com/wp-content/uploads/2025/02/PrimeXBT-Trading.jpg)
- 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.
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
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