PBOC is expected to set the USD/CNY reference rate at 6.8018 – Reuters estimate

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a cen…

You are being sent to the original publisher. FX Radar keeps this reference for market context and source discovery.