PBOC sets USD/CNY reference rate at 6.7898 The People's Bank of China has set the USD/CNY central rate for the trading session ahead at 6.7898. This rate is slightly higher than Friday's fix of 6.7894. The PBOC uses a range of monetary policy instruments to achie
PBOC sets USD/CNY reference rate at 6.7898
The People’s Bank of China has set the USD/CNY central rate for the trading session ahead at 6.7898.
This rate is slightly higher than Friday’s fix of 6.7894.
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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