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PBOC fixes USD/CNY at 6.7138, above Reuters estimate of 6.6548

The PBOC set the USD/CNY reference rate at 6.7138, higher than the 6.6548 estimate, and announced two reverse repo operations.

30/10/2026 02:131 min read

The yuan may trade up to 2% on either side of this reference rate, a band the PBOC permits.

  • The central bank will inject 15 billion yuan via seven-day reverse repurchases, keeping the rate at 1.4%.
  • A 1-trillion-yuan injection of overnight reverse repos is set at 1.25%.

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