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fxJul 23, 2026, 1:16 AM

PBOC Sets USD/CNY Reference Rate at 6.7906

The People's Bank of China set the USD/CNY central parity rate at 6.7906 on Thursday, slightly stronger than the previous fix of 6.7933 and below a Reuters estimate of 6.7712.

USDCNY

The People’s Bank of China (PBOC) set the USD/CNY central parity rate at 6.7906 for Thursday’s trading session. This compares with Wednesday’s fix of 6.7933 and a Reuters poll estimate of 6.7712.

The daily reference rate serves as the midpoint for the yuan’s trading band, allowing the currency to fluctuate up to 2% in either direction. A lower fix implies a slightly stronger yuan against the dollar.

Source: FXStreet Forex News