PBOC sets USD/CNY reference rate at 6.8467 vs. 6.8502 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8467 compared to Friday's fix of 6.8502 and 6.7988 Reuters estimate.
The PBOC's lower USD/CNY reference rate suggests a potential strengthening of the yuan against the dollar. This may lead to upward pressure on CNY in the short term.
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8467 compared to Friday's fix of 6.8502 and 6.7988 Reuters estimate.
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