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ForexMediumUpdated•Originally published 7 April 2026•Updated 8 April 2026•

1 min read

PBOC Sets Stronger Yuan Midpoint at 6.8680 to Manage Currency Volatility

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Key Facts

1The PBOC set the USD/CNY reference rate at 6.8854.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 1about 2 months ago

What changed: The PBOC updated the USD/CNY reference rate to 6.8680, marking a further strengthening of the Yuan from the previous level of 6.8854.

The People's Bank of China (PBOC) established the daily USD/CNY reference rate at 6.8680, marking a further strengthening of the Chinese Yuan from the previous session's fix of 6.8854. This move reflects the central bank's ongoing efforts to manage the Yuan's volatility within the permitted 2% trading band. By setting a lower midpoint for the pair, the PBOC signals its preference for a more resilient domestic currency amid global market shifts. Market analysts view this adjustment as a supportive factor for Asian and commodity-linked currencies, such as the AUD and NZD. The fix serves as a critical anchor for onshore trading, guiding investor sentiment regarding China's monetary stance. Overall, the stronger-than-expected reference rate underscores Beijing's commitment to maintaining exchange rate stability.