PBOC sets USD/ CNY mid-point today at 6.3935 (vs. estimate at 6.3919)

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

  • USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.
  • CNH is the offshore yuan. USD/CNH has no restrictions on its trading range.
  • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.
  • The previous close was 6.3917
  • Yesterday’s reference rate was 6.3924
Go to top