Tracking yuan moves, these from earlier – a higher than expected reference rate for the CNY (lower than expected USD/CNY):
Offshore yuan rose:
And its higher again (lower USD/CNY):
I posted earlier that the PBOC would seek to slow the fall for the yuan.
ps. Yuan has AUD on a string, AUD/USD higher
This article was written by Eamonn Sheridan at www.forexlive.com. Source