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People’s Bank of China (PBOC) sets Friday's yuan reference rate at 6.5637
•USD/CNY mid-point reference rate •Yesterday's close was 6.5890 •Yesterday's mid point was set at 6.5616, a slight strengthening of the CNY and the 5th consecutive day or stability for it - •USD/CNY is a 'managed float' •The PBOC allows the rate to fluctuate plus or minus 2% from the daily reference rate •The 'offshore' yuan (CNH) can vary free of this restriction. It fell again yesterday (i.e USD/CNH higher):
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