PBOC Adjusts USD/CNY Reference Rate to 7.1707
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for this trading session at 7.1707. This adjustment contrasts with the previous fix of 7.1699 established on Friday, and it is also notably higher than the 7.3050 predicted by Reuters estimates. The ongoing shifts in the USD/CNY exchange rate reflect the broader market dynamics and economic signals driving currency valuations. Investors closely monitor these changes as they influence trade and investment decisions across Asia.