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fxAug 11, 2026, 1:16 AM

PBOC Sets USD/CNY Central Rate at 6.7900, Above Market Forecast

The People’s Bank of China fixed the onshore yuan reference rate at 6.7900 per dollar, weakening slightly from the previous fix and coming in well above the Reuters poll estimate.

USDCNY

The People’s Bank of China (PBOC) set the USD/CNY central parity rate at 6.7900 on Tuesday, compared to the previous day’s fix of 6.7884. The rate guides onshore trading and was 0.02% weaker than Monday’s level.

Market watchers had anticipated a stronger yuan after a Reuters survey projected a fix of 6.7497. Instead, the central bank allowed a softer currency, signaling tolerance for a gradual depreciation amid widening yield differentials and a resilient dollar.

Source: FXStreet Forex News