CNY/USD central parity rate reported at 6.8961, up 96 points

MaticHoleFiller · 2026-03-20T09:19:13+00:00

On March 17, the RMB-to-USD mid-rate was adjusted upward to 6.8961. The probability of the Federal Reserve maintaining interest rates unchanged this week is 99.1%, with a 0.9% probability of a 25 basis point rate cut. The likelihood of maintaining interest rates unchanged in the coming months remains relatively high.

MaticHoleFiller

2026-03-20 09:19:13

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On March 17, the USD/CNY central parity rate was 6.8961, up 96 basis points.

The probability that the Federal Reserve will keep interest rates unchanged this week is 99.1%

According to CME “FedWatch”: The probability of the Federal Reserve cutting interest rates by 25 basis points this week is 0.9%, and the probability of holding rates steady is 99.1%. The probability of a 25 basis point cut by April is 3%, with a 97% chance of no change, and a 50 basis point cut is 0%. The probability of a 25 basis point cut by June is 21.9%.

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