PBOC USD/CNY Benchmark Rate Estimate Above 6.92 Today

6.92020 is the estimate according to Reuters.

All week, the real rate has been pegged well below estimate as the People’s Bank of China tries to fight yuan weakness (one of the main fears is capital flight from China as the yuan falls too hard and too quickly).

I’ve been posting about the battle all week. It’s the last of yesterday. Check it out ICYMI, it saves me repeating myself!

The price is fixed at 01:15 GMT.

USD/CNH update (CNH is offshore yuan):


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