PBOC likely to fix yuan at 6.7083, Reuters poll shows
Reuters poll shows PBOC expected to set USD/CNY midpoint at 6.7083, with fixing closely watched for policy signals on yuan pace.
Reuters poll shows PBOC expected to set USD/CNY midpoint at 6.7083, with fixing closely watched for policy signals on yuan pace.
Reuters sees the PBOC's USD/CNY daily fixing at 6.7074, with the midpoint signalling a slower yuan pace after August's wide weak-side deviation.
Gold reserves held by the People's Bank of China climbed by 650,000 ounces in August, marking the biggest monthly increase since October 2023. The purchase…
PBOC set the yuan central rate at 6.7804 per dollar, above estimates, and conducted a net 4 billion yuan drain via reverse repos.
The PBOC is expected to set its daily USD/CNY reference rate at 6.7086, according to a Reuters estimate.
PBOC to set USD/CNY reference rate, expected at 6.7098 per Reuters estimate.
PBOC set yuan reference rate at 6.7807, above estimates, and conducted no reverse repo operations while 103 billion yuan matured.
Reuters expects the PBOC to set the yuan reference rate at 6.7170, a key signal for Asian FX markets.
China's official manufacturing PMI rose to 49.8 in August, beating expectations but remaining below the 50-point expansion threshold for a second month.
PBOC is expected to set the yuan reference rate at 6.7344 per dollar, according to a Reuters poll. The fixing is a key policy signal.
The PBOC set the USD/CNY reference rate at 6.7811, higher than the estimated 6.7208. It also injected 353bn yuan via reverse repos.