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The PBOC midpoint fix at 6.7808 represents a 46-pip yuan appreciation against USD, which directly sets the onshore reference rate from which EUR/CNY, GBP/CNY, and CHF/CNY cross rates are derived. EUR/CNY was fixed at 7.8815, meaning EUR/CNH market pricing will be anchored near this official reference level for the session. No source explains the reason for the 46-pip appreciation move or identifies an external catalyst.
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China's PBOC set the yuan midpoint at 6.7808 per USD on August 20, 2026, a 46-pip appreciation, with EUR/CNY fixed at 7.8815, GBP/CNY at 9.1793, and CHF/CNY at 8.4634.
The PBOC midpoint fix at 6.7808 represents a 46-pip yuan appreciation against USD, which directly sets the onshore reference rate from which EUR/CNY, GBP/CNY, and CHF/CNY cross rates are derived. EUR/CNY was fixed at 7.8815, meaning EUR/CNH market pricing will be anchored near this official reference level for the session. No source explains the reason for the 46-pip appreciation move or identifies an external catalyst.
Jin10·08/20, 08:15 AM
Jin10·08/19, 08:15 AM
Jin10·07/31, 08:35 AM
High impact