The Sept. 30 midpoint is the strongest for the onshore yuan since Feb. 2, 2023. It follows a Sept. 29 fixing of 6.7411 per dollar, which was weaker than the analyst estimate of 6.7177 and softer than the 6.7399 rate set on Sept. 28. The PBOC's daily midpoint acts as the pivot point for the currency's permitted trading range in domestic markets.
Wednesday, October 21, 2026
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PBOC Sets Yuan Midpoint at Strongest Level Since Feb 2 2023
Global Markets21 days ago
Market analysts had forecast a yuan midpoint of 6.7025 per dollar on Sept. 30 before the People's Bank of China released a stronger daily reference rate. This newest valuation surpasses the figures established by the central bank over the last several months of onshore currency management.
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