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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 Sets Higher USD/CNY Fixing for Tuesday●PBOC Edges Higher With New USD/CNY Fix for Tuesday Session
China's central bank, the People's Bank of China, set its daily yuan midpoint reference rate at a stronger level against the US dollar for Tuesday's session. The higher fixing points to a firmer official stance on the currency and is being watched by traders for signals on policy direction and the yuan's near-term trajectory.