PBOC units USD/ CNY central price at 6.9096 (vs. estimate at 6.9304)

Date:


I posted this earlier as some background to right this moment’s mid-rate setting:

  • The reference price is an efficient approach from that estimate, the PBOC attempting to gradual the devaluation of the yuan. That is ten consecutive days now the Financial institution has held the CNY stronger than the estimate.

6.9096 is the weakest for CNY (i.e. highest for USD/CNY) on the mid-rate setting since August 25 of 2020.

eur

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