search
Chinese yuan
Trends
- 1PBOC expected to set yuan reference rate at 6.7085▼PBOC is expected to set the USD/CNY reference rate at 6.7085 – Reuters estimate
China's central bank is expected to fix the USD/CNY daily reference rate at 6.7085, according to a Reuters estimate. The PBOC sets the yuan's midpoint each trading day, and traders watch the fix closely for signals on official policy toward the currency and the wider economy. The expected level is being picked up by forex market observers ahead of the announcement.
- 2PBOC strengthens yuan fixing to 6.7399 against dollar▼PBOC sets USD/CNY reference rate at 6.7399 vs. 6.7489 previous
China's central bank set the yuan's daily reference rate at 6.7399 to the US dollar, a firmer fixing than the previous day's 6.7489. The daily fix from the People's Bank of China guides onshore trading and is closely watched by currency traders for signals on official policy toward the yuan.