On Monday, the People’s Bank of China (PBOC) established the USD/CNY central rate at 7.2110, compared to the previous fix of 7.2087. This adjustment comes as part of the PBOC’s regular operations to guide market sentiment. The latest reference rate aligns closely with analyst expectations, indicating a steady approach by the PBOC amidst fluctuating market conditions. Traders should stay informed about these adjustments, as they can influence trading strategies in the USD/CNY pair.