Category forex

China Sets Yuan Reference Rate

PBOC sets USD/CNY rate at 6.8130 The yuan is allowed to fluctuate within a +/- 2% range around this reference rate. The PBOC's move comes as analysts are divided on the Fed's next move, with some assigning near 50% odds to a December hike. The Fed's dot plo

PBOC Set to Fix USD/CNY Midpoint Near 6.7752

The daily yuan reference rate reflects China’s exchange rate policy and influences onshore trading within a 2% band. The People’s Bank of China will announce its USD/CNY reference rate around 0115 GMT, with Reuters estimating a midpoint near 6.7752. The fixing serves as a