PBOC sets lower-than-expected yuan midpoint against dollar By Investing.com

© Reuters. The People’s Bank of China (PBOC) set the daily reference rate for the yuan at 7.1212 per dollar today, marking a decrease from the previous session’s fix of 7.1254. This adjustment in the central rate came in lower than market analysts had anticipated, with predictions having been set around 7.1512. The PBOC’s setting

PBOC sets USD/ CNY mid-point today at 7.1212 (vs. estimate at 7.1512)

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate