PBOC sets daily USD/CNY reference rate The People's Bank of China has set the USD/CNY central rate for the trading session ahead at 6.8397. This is compared to the previous day's fix of 6.8375. The PBOC uses a range of monetary policy instruments to achieve its o
PBOC sets daily USD/CNY reference rate
The People’s Bank of China has set the USD/CNY central rate for the trading session ahead at 6.8397.
This is compared to the previous day’s fix of 6.8375.
The PBOC uses a range of monetary policy instruments to achieve its objectives, including the seven-day Reverse Repo Rate and foreign exchange interventions.
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