Reuters’ estimate is for a benchmark rate of 7.008.
This is the first peek above 7 for the estimate during the current bout of CNY weakness. Note, however, that the People’s Bank of China has pegged the actual average rate below the estimate for the past 3 weeks or so.
The setting is scheduled for 01:15 GMT.
- USD/CNY is the onshore yuan. It is allowed to trade plus or minus 2% of this daily reference rate.
- CNH is the offshore yuan. USD/CNH has no restrictions on its trading range.
The chart is the offshore yuan: