PBOC Adjusts USD/CNY Reference Rate

On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session at 7.1911.

Comparison with Previous Fix and Estimates

This figure is different from the previous day’s fix of 7.1880. Meanwhile, it also varies compared to the 7.3165 Reuters estimates. Such changes in the reference rate often draw attention from the market as it can have an impact on related foreign exchange trading activities and market expectations.

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