“Breaking News: PBOC Sets USD/CNY Reference Rate at 7.1696, Slightly Lower Than Previous Day’s 7.1703”
Impact of People’s Bank of China’s USD/CNY Central Rate Decision Market Updates On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day’s fix of 7.1703 and 7.2642 Reuters estimates. This slight adjustment in the central rate reflects the ongoing…