USD/CNY fix: 6.9752 vs 6.9748 last close

The People’s Bank of China has set the yuan mid-point at 6.9752 / DLR vs last close 6.9748.

Meanwhile, USD/CNH rolled over from 6.9880 to 6.9760 overnight.

The yuan not fazed by media reports that the US and China will hold high-level talks on 15 August to discuss China’s compliance with the ‘phase one’ trade agreement. Trade data shows China has imported only a small fraction of the agreed amount so far,

analysts at Westpac explained. 

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