PBOC Sets USD/CNY Reference Rate at 7.1491, Slightly Above Previous Fix

PBOC Sets USD/CNY Central Parity Rate at 7.1491, Marginally Higher Than Previous Fix

Chinese Yuan Fix Shows Modest Adjustment

On Monday, July 14, 2025, the People’s Bank of China (PBOC) set the USD/CNY central reference rate at 7.1491, compared to 7.1475 from last week. The fixing was also lower than the 7.1744 estimate from Reuters, suggesting continued central bank intervention to keep the Yuan stable amid external pressures.

See Also: What the PBOC Fix Means for Currency Traders

Implications for FX Markets

The daily fix, which serves as the midpoint around which the Yuan can trade ±2%, reflects the PBOC’s cautious approach to prevent excessive volatility. The lower-than-expected fix may indicate an attempt to slow Yuan depreciation amid trade uncertainties and capital outflow risks.

📈 Related: USD/CNY Technical Analysis and Outlook

Market Watch: CNY Under Close Scrutiny

With ongoing US-China trade frictions and broad USD strength, forex markets are closely monitoring PBOC actions. Any deviation from expected parity levels can influence not only regional FX dynamics but also broader EM sentiment.

Conclusion: Controlled CNY Adjustment Signals Policy Stability

The PBOC’s latest move reflects a strategy of gradual Yuan flexibility while managing external shocks. Traders will continue to watch daily fixes for signs of further policy direction.