PBOC Adjusts USD/CNY Reference Rate Amid Market Fluctuations
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 7.1789, slightly higher than Friday’s rate of 7.1772. As reported by Entreprenerdly.com, these adjustments reflect ongoing market fluctuations and economic assessments. Traders are advised to monitor this reference rate closely, as it has significant implications for the broader currency market.