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PBOC sets USD/CNY reference at 6.7489 for September 24

The midpoint was set above the estimate of 6.7184, signaling a weaker yuan reference for the day.

Reported · Written up by our desk · Central Banks

The People’s Bank of China set the USD/CNY reference rate for September 24 at 6.7489, according to Forexlive.

The reference rate compares with an estimate of 6.7184, pointing to a higher midpoint for the yuan against the dollar for the session.

Forexlive also noted broader Asian market moves alongside the setting of the reference rate, including Japan trade reopening with the Nikkei higher and JGB futures lower.

Latest closeNikkei 225 65,771.43 ▲1.2%

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