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People's Bank of China
Trends
- 1PBOC Sets Stronger Yuan Fix Against the Dollar▼PBOC Tightens Yuan Fix as Central Bank Sets USD/CNY Rate
China's central bank, the People's Bank of China, set a firmer daily reference rate for the yuan against the US dollar, a move being read as a signal of support for the currency. The tighter fixing is drawing attention from currency traders and market watchers assessing Beijing's stance on the yuan's value.
- 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.