PBOC expected to set Yuan reference rate at 7.0236 - Reuters

Omkar Godbole FXStreet Contributor

The People's Bank of China (PBOC) is forecasted to set the Yuan reference or midpoint rate at 7.0236, down 76 pips from Wednesday's fix of 7.0312.

In the offshore market, China's Yuan (CNH) is currently trading at 7.0442. The exchange rate will likely depreciate if the PBOC announces a weaker-than-expected fix.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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