Market estimates point to the People’s Bank of China’s daily reference rate, a key signal for how tightly the yuan may trade against the U.S. dollar.
The People’s Bank of China (China’s central bank) is expected to set the yuan’s daily midpoint at 6.7595 per dollar, based on market estimates. The midpoint is the central reference rate around which the onshore yuan is allowed to trade within a controlled band, making it an important signal for Beijing’s currency management stance and for traders watching dollar-yuan moves.