PBOC Sets USD/CNY Fix at 7.1510, Lower Than Previous Day

PBOC Sets USD/CNY Fix at 7.1510, Below Previous Day and Estimate

The People's Bank of China (PBOC) set the USD/CNY central parity rate at 7.1510 for Thursday's trading session, slightly lower than Wednesday’s 7.1541 and significantly below Reuters’ projected fix of 7.1757.

Lower Fix Suggests Policy Intent

The lower-than-expected fix suggests the PBOC may be sending a signal to stabilize the Yuan amid global currency fluctuations and domestic economic concerns. By setting the reference rate below both the previous day and market forecast, the central bank may be aiming to discourage excessive USD strength versus the Chinese Yuan (CNY).

This move comes as investors remain attentive to China's monetary policy stance and the PBOC's ongoing efforts to balance export competitiveness with financial stability.

What to Watch Next

• Any verbal or policy guidance from PBOC officials
• Broader USD trends influencing CNY direction
• Key Chinese economic data and trade figures
• Market reaction to ongoing US-China trade developments