PBOC sets USD/CNY rate at 6.8130
The yuan is allowed to fluctuate within a +/- 2% range around this reference rate.
The PBOC’s move comes as analysts are divided on the Fed’s next move, with some assigning near 50% odds to a December hike.
The Fed’s dot plot shows nearly half see a rate hike, with Bitcoin testing $63K and higher rates looming.
The government has paid $765M to kill offshore wind projects, boosting energy security, while investors watch valuation shifts.