On Thursday, the People’s Bank of China (PBOC) announced the USD/CNY reference rate for the current trading session at 7.1740. This marks a slight adjustment from Wednesday’s fixing of 7.1732. Additionally, it compares to Reuters estimates which had forecasted a rate around 7.2561.

This decision reflects the central bank’s ongoing efforts to manage the yuan’s exchange rate amid fluctuating market conditions and economic pressures. Traders in the forex market are keenly observing these adjustments, as they may influence the currency’s performance in the coming days.