PBOC Sets USD/CNY Reference Rate at 6.8147
The People's Bank of China set the USD/CNY central rate at 6.8147 for Tuesday, compared to the previous day's fix of 6.8198.
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The People's Bank of China (PBOC) fixed the USD/CNY reference rate at 6.8147 for Tuesday's trading session. This compares with the previous day's fix of 6.8198, representing a slight strengthening of the yuan.
The new rate also comes against a Reuters estimate of 6.7809, indicating the PBOC's fix was weaker than market expectations.
Source: FXStreet Forex News