PBOC sets USD/CNY reference rate at 6.6923 on Friday By anilpanchal7 PBOC USDCNY RiskAppetite CentralBanks
The People’s Bank of China sets the USD/CNY reference rate at 6.6923 on Friday, compared to the previous close at 6.7034 and Thursday's PBOC fix of 6.7099. It's worth noting that markets expected 6.6933 as a fix for Friday.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day's closing level and quotations taken from the inter-bank dealer. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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