China Sets Yuan Reference Rate

PBOC sets USD/CNY mid-point at 6.8108 The People's Bank of China set the USD/CNY mid-point at 6.8108. This reference rate allows the yuan to fluctuate within a +/- 2% range. The set rate is higher than the estimated 6.7605, and may impact currency markets.<

PBOC sets USD/CNY mid-point at 6.8108

The People’s Bank of China set the USD/CNY mid-point at 6.8108.

This reference rate allows the yuan to fluctuate within a +/- 2% range.

The set rate is higher than the estimated 6.7605, and may impact currency markets.

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