ForexMedium•9 October 2026•
1 min read
PBOC Sets Yuan Reference Rate at 6.7330 Against USD
Key Facts
1The PBOC set the USD/CNY reference rate at 6.7330, which was weaker than the market estimate of 6.6973.
The People's Bank of China (PBOC) set the USD/CNY reference rate at 6.7330 on October 9, 2026. According to investinglive.com, this fixing was weaker than the market estimate of 6.6973, indicating the central bank's stance on currency valuation.
The PBOC manages yuan volatility by allowing the currency to trade within a 2% range of this daily midpoint. Setting the rate significantly higher than estimates suggests the central bank is accommodating a weaker yuan, which impacts broader regional currency stability.