China Sets Yuan Rate At 6.7948

PBOC sets yuan reference rate higher than estimate The People's Bank of China set the USD/CNY reference rate at 6.7948. The rate is higher than the estimated 6.7821. The previous close was 6.7752. The yuan is allowed to fluctuate within a +/- 2% ran

PBOC sets yuan reference rate higher than estimate

The People’s Bank of China set the USD/CNY reference rate at 6.7948.

The rate is higher than the estimated 6.7821.

The previous close was 6.7752.

The yuan is allowed to fluctuate within a +/- 2% range around this reference rate.

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