The RMB-USD central parity rate is quoted at 6.9057, down 50 points

MaticHoleFiller · 2026-03-17T11:33:46+00:00

The Chinese yuan midpoint against the US dollar was lowered to 6.9057. The probability of the Federal Reserve maintaining interest rates unchanged this week stands at 99.2%, with the probability of a 25 basis point rate cut at only 0.8%. The probability of maintaining rates unchanged is expected to remain relatively high through April and June.

MaticHoleFiller

2026-03-17 11:33:46

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March 16, RMB/USD midpoint rate at 6.9057, down 50 points.

The probability that the Federal Reserve will keep interest rates unchanged this week is 99.2%

According to CME “FedWatch”: The probability of the Federal Reserve cutting interest rates by 25 basis points this week is 0.8%, and the probability of holding rates steady is 99.2%. The chance of a 25 basis point cut by April is 6.9%, with a 93% chance of no change, and a 50 basis point cut is 0%. The probability of a 25 basis point cut by June is 24.7%.

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