It appears as if the PBOC would like the Yuan to stay below 6.70 for now.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2016/07/20/Chinas-Market-News-Yuan-Stages-Biggest-Rally-in-Two-Weeks-.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:china_news
China’s Market News: Yuan Stages Biggest Rally in Two Weeks
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