Midpoint

The PBOC sets the USD/CNY reference rate at 6.7913, using the 2% trading band to signal its stance on capital flows and financial stability.

The People's Bank of China sets the daily USD/CNY reference rate near 6.7795. This precise figure dictates market boundaries.

At 0115 GMT, the PBOC sets a key rate for a $9.6 trillion market. I break down what this daily signal means for your trades.

The PBOC sets the USD/CNY fixing at 6.7733. I explain how this specific midpoint anchors the 2% trading band for your FX strategy.

I analyze how the 6.7659 fix anchors China's $3.342T reserves. Learn why this daily rate overrides pure market supply and demand today.