China Sets Yuan Reference Rate at 6.7829 Against US Dollar

Hyperdash NewsFX

China's central bank has set the yuan reference rate against the U.S. dollar at 6.7829. This daily fixing establishes a midpoint for the yuan's trading band. The rate influences the currency's value in the foreign exchange market.

The yuan's reference rate is a key indicator for traders, as it guides the currency's permissible trading range for the day. This mechanism allows China's central bank to manage the yuan's fluctuations. On Hyperdash,

JPY/USD is up +0.01%.

SourcesFirst Squawk

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