PBOC Adjusts USD/CNY Reference Rate to 7.1546
The People’s Bank of China (PBOC) recently set the USD/CNY central reference rate at 7.1546 for the upcoming trading session, a slight adjustment compared to the previous day’s rate of 7.1534. Additionally, this new rate comes in higher than the Reuters estimate of 7.1623. Investors should note how this impacts their currency exchanges and potential trade dealings.