Key facts
- PBOC set USD/CNY mid-point at 6.8184
- Market estimate for USD/CNY mid-point was 6.7673
- Yuan allowed to trade within +/- 2% of mid-point
The People's Bank of China (PBOC) has set the daily mid-point reference rate for the yuan (USD/CNY) at 6.8184. This figure is weaker than the market estimate, which had placed the expected mid-point at 6.7673. The PBOC permits the yuan to fluctuate within a band of plus or minus 2% around this established reference rate, influencing its daily trading range.