China Sets Yuan Reference Rate

PBOC sets USD/CNY mid-point at 6.8195 The PBOC has set the USD/CNY mid-point at 6.8195. The yuan is allowed to fluctuate within a +/- 2% range around this reference rate. The set rate is higher than the estimated 6.7, and higher than the previously expected 6.7

PBOC sets USD/CNY mid-point at 6.8195

The PBOC has set the USD/CNY mid-point at 6.8195.

The yuan is allowed to fluctuate within a +/- 2% range around this reference rate.

The set rate is higher than the estimated 6.7, and higher than the previously expected 6.7913.

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