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fxAug 6, 2026, 1:16 AM

PBOC Sets USD/CNY Central Rate at 6.7895

The People's Bank of China fixed the yuan's daily midpoint at 6.7895 per dollar, slightly weaker than the previous session's 6.7889.

USDCNY

The People's Bank of China (PBOC) set the USD/CNY central parity rate at 6.7895 on Thursday, compared with Wednesday's fix of 6.7889. The fixing came in weaker than the Reuters consensus estimate of 6.7462.

The daily reference rate determines the midpoint of the yuan's permitted trading band against the dollar. A higher fixing indicates the central bank is allowing the currency to trade at a weaker level.

The marginal adjustment from the prior day, but notably above market expectations, suggests the PBOC is managing the yuan's pace of depreciation cautiously while keeping it on a weaker trajectory.

Source: FXStreet Forex News