TREE NEWS reports: The People’s Bank of China set the yuan’s central parity rate at 6.7399 per US dollar, 90 pips stronger than the previous fix of 6.7489. The onshore yuan closed the prior session at 6.7131, while the overnight session ended at 6.7125.
PBOC Sets Yuan Midpoint at 6.7399, 90 Pips Stronger
AI take
The fix landed weaker than the onshore close, suggesting the central bank is still leaning against the yuan's recent strength rather than validating it. That gap between the fix and market pricing is the tell: it shapes the trading band and signals how much appreciation the authorities are comfortable absorbing. Whether the fix keeps tracking the market or stays deliberately softer is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
13m ago
China’s Electronics Sector Profits Jump 110% on AI-Driven Demand
13m ago
China August Industrial Profits Up 4.2% Year-on-Year, Growth Eases on High Base
13m ago
China’s ChiNext and STAR 50 Fall Over 1% as 3,100+ Stocks Decline
14m ago
China Industrial Profits Up 15.7% in Jan-Aug, Slowing From 17.6%
15m ago
AIIB to Hold 11th Annual Meeting in Doha, Qatar
15m ago
China Treasury Futures Open Mixed; 30-Year Contract Up 0.09%