PBOC Breaks Boundaries: Fixes USD/CNY Reference Rate at 6.9054 Against Previous 6.9249
The People’s Bank of China (PBOC) set the USD/CNY central rate at 6.9054 on Thursday, compared to the previous fix of 6.9249 and market expectations of 6.9061. It is important to highlight that the USD/CNY closed near 6.9179 the day before. In addition to the daily USD/CNY fix, the PBOC provides details of the Open […]