PBOC Weakens Yuan Fixing for 4th Session to 6.8195 as Dollar Advances
Updated
Updated · Bloomberg · Jun 24
PBOC Weakens Yuan Fixing for 4th Session to 6.8195 as Dollar Advances
2 articles · Updated · Bloomberg · Jun 24
Summary
China’s central bank set Wednesday’s yuan reference rate at 6.8195 per dollar, weaker than Tuesday’s 6.8171 and marking a fourth straight softer fixing.
The move signals greater flexibility in managing the currency against a strengthening US dollar rather than a break from Beijing’s broader control of the yuan.
Bloomberg data show the four-session run is the longest streak of weaker daily fixings since April 2025, underscoring the persistence of recent dollar pressure.