The People’s Bank of China (PBOC) establishes a so-called daily midpoint fix every morning based on the yuan’s closing level from the previous day and quotes obtained from the inter-bank dealer.
The People’s Bank of China (PBOC) pegged the yuan (CNY) at 6.9746 in today’s most recent transaction, down from the previous fix of 6.9791 and the prior closing of 6.9750.
