PBOC Sets Yuan Fix at 6.7841, 593 Pips Weaker Than Estimate
Updated
Updated · investinglive.com · Aug 24
PBOC Sets Yuan Fix at 6.7841, 593 Pips Weaker Than Estimate
1 articles · Updated · investinglive.com · Aug 24
Summary
6.7841 was the PBOC's USD/CNY reference rate for Monday, above the 6.7248 market estimate and implying a markedly weaker official yuan midpoint.
593 pips separated the fix from the estimate, a key signal because the central bank allows the yuan to trade within a 2% band around that daily reference rate.
340 billion yuan was also injected through 7-day reverse repos at an unchanged 1.4%, showing the weaker fix came alongside steady short-term liquidity support rather than a rate shift.