The current rate strengthens the currency's position compared to the 6.7253 set on October 15 and 6.7249 set on October 14. However, the PBOC fixing remained weaker than analyst forecasts, which had predicted a rate of 6.6947 per dollar. These daily midpoints serve as the anchor for the limited trading band in which the yuan is allowed to fluctuate against the US dollar.
Tuesday, October 20, 2026
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PBOC Sets Yuan Midpoint at 6.7220 for Strongest Level Since Feb 2 2023
Global Markets5 days ago
China's central bank set the daily reference rate for its currency in a way that defied the predictions of market analysts on Thursday. The People's Bank of China (PBOC) established the midpoint at 6.7220 per dollar on October 16, the firmest valuation for the renminbi since February 2, 2023, according to the central bank's fixing.
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