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PBOC sets USD/ CNY reference rate for today at 6.9398 (vs. estimate at 6.9045)

PBOC sets USD/ CNY reference rate for today at 6.9398 (vs. estimate at 6.9045)

Central Banks
Eamonn Sheridan
2 hours ago
  • Strongest for CNY since 11 May 2023.
pboc cny yuan note 24 September 2025 11

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.

Previous close 6.9033

Injects CNY 145bln via 7-day reverse repos with the rate unchnaged at 1.40%

pboc People's Bank of China watercolor

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