PBOC Sets USD/CNY Reference Rate at 6.8036 vs Previous 6.8077
The People's Bank of China set the USD/CNY central rate at 6.8036 for Thursday, down from the previous day's fix of 6.8077.
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The People's Bank of China (PBOC) has fixed the USD/CNY reference rate at 6.8036 for Thursday's trading session, compared to the prior day's 6.8077. The slight downward adjustment suggests a modest appreciation of the yuan against the dollar.
Market participants often use the PBOC fix as a guide for the daily trading band within which the yuan can fluctuate. The rate, sourced from Reuters, reflects ongoing monetary policy actions by Chinese authorities.
Source: FXStreet Forex News