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fxJul 27, 2026, 9:57 PM

USD/CNH to Stay Rangebound as PBoC Fix Anchors Pair – OCBC

OCBC analysts expect USD/CNH to remain largely rangebound in the near term, with the daily PBoC fix around 6.79 serving as an anchor rather than a directional driver.

USDCNH

The offshore yuan is likely to trade within a narrow range against the dollar, according to OCBC Bank strategists Sim Moh Siong and Christopher Wong.

The daily fixing by the People's Bank of China (PBoC) is clustered near 6.79, acting as a stabilizing force for the pair. The strategists noted that the fix serves more as an anchor than a signal for a breakout, limiting volatility in the near term.

Source: FXStreet Forex News