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PBOC sets USD/CNY reference rate at 6.7878

The reference rate for the day was set higher than the 6.7413 estimate used for comparison.

Reported · Written up by our desk · Major Pairs

PBOC set the USD/CNY reference rate for the day at 6.7878, compared with an estimated 6.7413, according to Forexlive's Asian market round-up.

The same wrap also highlighted broader regional developments affecting sentiment, including an air threat alert in Latvia and related restrictions around regional activity, but the USD/CNY reference rate change was the explicit currency datapoint in the update.

Elsewhere in the session summary, officials and market commentary focused on trade policy and central bank themes, including tariff headlines and views on inflation, which can feed into expectations for exchange rates.

The update did not provide further USD/CNY trading levels, only the PBOC reference rate figure and its comparison to the estimate.

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