PBOC Adjusts USD/CNY Reference Rate Amid Market Fluctuations
The People’s Bank of China (PBOC) has set the USD/CNY central rate at 7.2095 for Friday’s trading session. This marks a slight adjustment from the previous day’s fix of 7.2073 and diverges from the Reuters estimate of 7.2581. Investors should monitor this adjustment as it can influence market movements and investor sentiment regarding the Chinese Yuan.