The reference rate for USD/CNY arrives at 01:15 GMT.
Reuters estimate is 6.9946.
That would be a huge margin over yesterday’s rate:
But, the PBOC, like the BOJ, is not tightening its policy. And, as you know, the Fed is. the last move was Wednesday:
CNY and CNH (offshore) are both above 7, not lagging waiting for the central rate to catch up!