PBOC Sets USD/CNY Reference Rate at 7.1786, Marking Slight Adjustment from Previous Fix
Beijing, November 10, 2024: The People’s Bank of China (PBoC) has set the USD/CNY reference rate at 7.1786 for the trading session ahead on Monday, a marginal adjustment from Friday's official fixing of 7.1433. This marks a slight weakening of the Chinese yuan against the U.S. dollar compared to both the previous reference rate and the market estimates.

Leave a Reply

Your email address will not be published. Required fields are marked *