PBOC sets USD/CNY rate at 6.7884 The People's Bank of China set the USD/CNY central rate for the trading session ahead at 6.7884. The rate is compared to Friday's fix of 6.7904. The PBOC uses a range of monetary policy instruments to achieve its objectives, inclu
PBOC sets USD/CNY rate at 6.7884
The People’s Bank of China set the USD/CNY central rate for the trading session ahead at 6.7884.
The rate is compared to Friday’s fix of 6.7904.
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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