
PBOC Sets USD/CNY Reference Rate at 7.1706, Slightly Lower Than Previous Rate of 7.1719
The Impact of PBOC Setting USD/CNY Central Rate The People’s Bank of China’s Decision The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1706 as compared to the previous day’s fix of 7.1719 and 7.2739 Reuters estimates. This decision by the PBOC has significant implications…