PBOC rate fix: Why 6.7913 matters today
The PBOC sets the USD/CNY reference rate at 6.7913, using the 2% trading band to signal its stance on capital flows and financial stability.
The PBOC sets the USD/CNY reference rate at 6.7913, using the 2% trading band to signal its stance on capital flows and financial stability.
The People's Bank of China sets the daily USD/CNY reference rate near 6.7795. This precise figure dictates market boundaries.
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