Low impact
China's central bank set the yuan reference rate at 6.7208 per dollar, firmer than the prior fix of 6.7220.
FirstSquawk10/19, 08:20 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
CNY
Pushes up
IntradayMedium confidence
PBOC set a firmer daily reference rate than the prior fix, guiding onshore trading toward a stronger yuan.
What could change this
A small fix adjustment is a modest signal and can be outweighed by broader dollar demand or capital flows.
USD/CNY before and after this story
6.6692-0.05%vs previous close
-0.22%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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FirstSquawk10/20, 08:24 AM
China's central bank set the yuan reference rate at its highest level in more than three years.