Chinese yuan (USD/CNH) is back to little changed after as expected LPR decision

The People’s Bank of China have had a buys morning doing not a lot:

• PBOC sets USD/ CNY reference rate for today at 7.1105 (vs. estimate at 7.1870)

and

• PBoC Loan Prime Rates (LPR) are unchanged @ 1 year 3.45% & 5 year 4.20%. As expected

Offshore yuan strengthened, USD/CNH falling under 7.1980 briefly, but has since retraced to be little changed:

This article was written by Eamonn Sheridan at www.forexlive.com. Source