On Wednesday, the People’s Bank of China set the USD/CNY central rate at 6.9681 versus Tuesday's fix of 6.9546 and market expectations of 6.9687.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day's closing level and quotations taken from the inter-bank dealer. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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