✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #16
PBOC expected to set yuan midpoint at 6.7085
Original: PBOC is expected to set the USD/CNY reference rate at 6.7085 – Reuters estimate
China's central bank is expected to set the US dollar/yuan daily reference rate at 6.7085, according to a Reuters estimate. The daily midpoint fixing from the People's Bank of China is closely watched by currency traders as a signal of official policy toward the renminbi, and any deviation from expectations can move Asian currency and equity markets.
Why now: Traders are watching the daily yuan fixing for signals on Chinese currency policy and its impact on broader markets.
People's Bank of ChinaReutersyuanUS dollar
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/177777