China’s central bank sets the daily USD/CNY reference rate at 6.7892, a marginal depreciation from the previous fix of 6.7899.
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.7892 for today’s trading session, down 7 pips from the prior fix of 6.7899. The adjustment reflects the central bank’s daily guidance for the yuan’s trading band against the dollar.
The PBOC’s reference rate serves as a midpoint for the yuan’s permitted 2% daily trading range. Recent fixes have remained stable, aligning with the central bank’s broader efforts to maintain exchange rate stability amid economic and financial reforms.
No immediate market reaction was reported following the announcement, as the adjustment was minimal and in line with expectations.