Beijing Sets A Firmer Yuan Fix Days Before Trump Meets Xi
PBOC's daily fix anchors a trading band of plus or minus two percent, a mechanism it wields before high-level diplomacy.
- CFETS published the September 15 central parity at 6.7670 yuan per dollar, PBOC data show.
- That topped the previous session's 6.7698, a roughly 0.04% strengthening in one day.
- The firmer fix lands days ahead of a planned summit between Presidents Trump and Xi.
Why it matters: The rate belongs to the men who run PBOC, and they timed it for the summit.
China Foreign Exchange Trade System (CFETS), authorized by PBOC, daily USD/CNY central parity rate ↗ · Sep 15, 20269/15/26