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 […]