PBOC sets yuan reference rate higher than estimate
The People’s Bank of China set the USD/CNY reference rate at 6.7972.
The rate is higher than the estimated 6.7850.
The yuan is allowed to fluctuate within a +/- 2% range around this reference rate.
China Sets Yuan Rate At 6.7972
PBOC sets yuan reference rate higher than estimate The People's Bank of China set the USD/CNY reference rate at 6.7972. The rate is higher than the estimated 6.7850. The yuan is allowed to fluctuate within a +/- 2% range around this reference rate.