PBOC Adjusts USD CNY Reference Rate: Key Insights
The People’s Bank of China (PBOC) set the USD CNY central rate for Thursday’s trading session at 7.1692. This is down from the previous day’s fix of 7.1714. The new rate suggests a slight strengthening of the Chinese Yuan against the US Dollar. Traders should keep an eye on this adjustment as it may influence market dynamics and trading strategies in the coming days.
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