The USD/CNY central parity rate is quoted at 6.8898, up 77 points.

MaticHoleFiller · 2026-03-22T23:22:54+00:00

On March 20, the midpoint exchange rate of the Chinese yuan against the US dollar was adjusted upward to 6.8898. According to the CME "FedWatch," the probability of the Federal Reserve maintaining interest rates unchanged in April stands at 92.8%, with only a 7.2% probability of a 25 basis point rate hike.

MaticHoleFiller

2026-03-22 23:22:54

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On March 20, the RMB to USD central parity rate was 6.8898, up 77 basis points.

The probability that the Federal Reserve will keep interest rates unchanged in April is 92.8%, and the chance of a rate hike is 7.2%

According to CME “FedWatch”: The probability of a 25 basis point rate hike in April is 7.2%, and the probability of holding rates steady is 92.8%. The chance of a total 25 basis point increase by June is 9.2%, a 50 basis point increase is 0.2%, and the probability of no change remains at 90.6%.

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