PBOC sets USD/ CNY reference rate for today at 6.8957 - ConsultFX

PBOC sets USD/ CNY reference rate for today at 6.8957

Today is the first mid rate setting from the People's Bank of China since Friday September 28. All last week China was on holiday, back today. The offshore yuan traded weaker in the meantime, reflected in the onshore mid rate today. While China was on holiday the pressure on the country from US trade policy increased, this