PBOC Boosts USD/CNY Reference Rate to 6.9158, Surpassing 6.9114 Previous Benchmark!
The People’s Bank of China (PBOC) set the USD/CNY central rate at 6.9158 on Monday, as opposed to the previous fix of 6.9114 and market expectations of 6.9159. The USD/CNY had closed near 6.9080 the previous day. China maintains strict control of the yuan’s rate on the mainland, while the onshore yuan (CNY) differs from […]
Discover the Secrets: Why 6.9114 is Outperforming 6.9128 – Expert Analysis Reveals All!
In recent trade, the People’s Bank of China (PBOC) set the yuan at a rate of 6.9114 vs the previous closing of 6.9128. China maintains strict control over the value of the yuan on the mainland. The onshore yuan differs from the offshore yuan in trading restrictions, with the offshore yuan remaining not as tightly controlled. Every morning, […]