PBOC sets USD/CNY reference rate at 6.7911 vs. 6.7939 previous
PBOC sets USD/CNY reference rate at 6.7939 vs. 6.7906 previous
PBOC sets USD/CNY reference rate at 6.7906 vs. 6.7933 previous
PBOC sets USD/CNY reference rate at 6.7933 vs. 6.7917 previous
PBOC sets USD/CNY reference rate at 6.7917 vs. 6.7948 previous
PBOC sets USD/CNY reference rate at 6.7948 vs. 6.7934 previous
PBOC sets USD/CNY reference rate at 6.7934 vs. 6.7909 previous
PBOC sets USD/CNY reference rate at 6.7909 vs. 6.7910 previous
PBOC sets USD/CNY reference rate at 6.7910 vs. 6.7990 previous
Summary:USD/CNY slipped below 6.78 after the People's Bank of China set another stronger-than-expected daily fixing, reinforcing support for the Chinese yuan. Markets see the PBOC allowing gradual yuan appreciation while avoiding excessive volatility through its daily reference rate and liquidity operations.
PBOC sets USD/CNY reference rate at 6.7990 vs. 6.7972 previous
PBOC sets USD/CNY reference rate at 6.7972 vs. 6.7989 previous