The People’s Bank of China (PBOC) set Monday’s USD/CNY central parity rate at 6.7898 for the upcoming onshore trading session. This compares with Friday’s fixing of 6.7894.
The adjustment leaves the reference rate fractionally higher, providing the daily midpoint used to guide trading in the renminbi against the US dollar.
Monday’S Central Parity Rate
The People’s Bank of China (PBOC) set Monday’s USD/CNY central parity rate at 6.7898 for the upcoming onshore trading session. This compares with Friday’s fixing of 6.7894.
Significance Of The Reference Rate
The adjustment leaves the reference rate fractionally higher, providing the daily midpoint used to guide trading in the renminbi against the US dollar.