PBOC sets USD/CNY mid-point at 6.8096
The PBOC has set the USD/CNY reference rate at 6.8096.
This rate allows the yuan to fluctuate within a +/- 2% range.
The set rate is higher than the estimated 6.7659 and 6.7569, which may impact trade.
China Sets Yuan Reference Rate
PBOC sets USD/CNY mid-point at 6.8096 The PBOC has set the USD/CNY reference rate at 6.8096. This rate allows the yuan to fluctuate within a +/- 2% range. The set rate is higher than the estimated 6.7659 and 6.7569, which may impact trade.