There has been a consistent and deliberate trend of setting the daily CNY fixing rate slightly stronger, but at a measured pace. USD/CNH was last seen at 7.1636 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1321 as compared to the previous day's fix of 7.1287 and 7.1871 Reuters estimate.
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1371 as compared to the previous day's fix of 7.1337 and 7.1852 Reuters estimate.