USD/CNY fix: Weakest level since April 2 2021, 6.5590 By ross_burland USDCNY PBOC Currencies
In recent trade today, the People’s Bank of China set the yuan at 6.5590 vs. the estimate of 6.5585 and the last close of 6.5615.China maintains strict control of the yuan’s rate on the mainland.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day 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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