PBOC sets USD/ CNY reference rate for today at 6.8562 (vs. estimate at 6.8160)
PBOC CNY reference rate setting for the trading session ahead. The 6.8562 is the strongest since March 24, 2023.
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this rate.
more to come
This article was written by Eamonn Sheridan at investinglive.com.