PBOC Set Yuan Fix 593 Points Weaker Than Reuters Estimate on August 24
China's central bank set the USD/CNY midpoint at 6.7841 on August 24, exceeding the Reuters estimate of 6.7248 by 593 basis points, with similar deviations recorded across at least five other sessions in the preceding two weeks. The gaps ranged from 387 to 612 points depending on the session and source, though estimate figures come from secondary relays rather than original survey documents, and one August 20 comparison is disputed between Bloomberg and a TradingPedia relay. The available record supports the factual observation of consistent above-estimate fixings in the sample period but does not establish deliberate depreciation guidance as official policy intent.