PBOC: New midpoint fixing method will better reflect supply & demand in fx market

Dhwani Mehta FXStreet

The Chinese central (PBOC) is out with an official statement on its plan to change the Yuan midpoint fix calculation method.

Key Headlines:

Change to Yuan midpoint fixing method will help guide the forex market to focus more on macro fundamentals

New midpoint fixing method will better reflect supply & demand in fx market & changes to currency basket

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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