PBOC sets USD/ CNY central rate at 6.8680 (vs. estimate at 6.8369)
News brief
PBOC CNY reference rate setting for the trading session ahead. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. The rate today at 6.8680 is the strongest for CNY since 17 April 2023.PBOC injects 500mn yuan via 78pday reverse repos in open market operates today. Unchanged rate of 1.4%. This article…
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
PBOC CNY reference rate setting for the trading session ahead. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. The rate today at 6.8680 is the strongest for CNY since 17 April 2023.PBOC injects 500mn yuan via 78pday reverse repos in open market operates today. Unchanged rate of 1.4%. This article… The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. . The rate today at 6.8680 is the strongest for CNY since 17 April 2023. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. The rate today at 6.8680 is the strongest for CNY since 17 April 2023. PBOC injects 500mn yuan via 78pday reverse repos in open market operates today. Unchanged rate of 1.4%. PBoC For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
