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fxJul 31, 2026, 1:17 AM

PBOC Sets USD/CNY Reference Rate at 6.7894, Ticking Higher

The People's Bank of China fixed the onshore yuan reference rate at 6.7894 per dollar, a marginal increase from the prior session's 6.7892.

USDCNY

The People's Bank of China (PBOC) set the daily reference rate for the onshore yuan at 6.7894 per dollar on Friday. The fix was slightly higher than the previous day's 6.7892.

The central bank uses the daily fixing to guide the currency's permitted trading band on the domestic spot market. The tiny adjustment continues the pattern of tightly managed daily moves, reflecting efforts to stabilize the yuan amid external trade pressures and domestic economic concerns.

Source: FXStreet Forex News