On Friday, the People’s Bank of China (PBOC) set the USD/CNY reference rate for the trading session at 7.1695. This marks a slight adjustment compared to the previous day’s fix of 7.1729 and the Reuters estimate of 7.1801. These moves from the PBOC reflect ongoing efforts to manage the yuan’s value amid external pressures.

Currency traders and analysts will closely observe these adjustments, as they can signify changes in monetary policy or market sentiment regarding China’s economy. The reference rate remains a crucial tool for stabilizing and guiding the yuan in international markets.