PBOC is expected to set the USD/CNY reference rate at 7.0971 – Reuters estimate

Retrieved on: 2024-01-02 00:35:18

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Foreign exchange market

Currency

Currency intervention

Midpoint

Internationalization of the renminbi

Digital renminbi

The People's Bank of China

US Dollar

Chinese Yuan Renminbi

US Dollar/Chinese Renminbi FX Spot Rate, FX Spot Rate, THOMSON REUTERS

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PBOC is expected to set the USD/CNY reference rate at 7.0971 – Reuters estimate. View article details on HISWAI: https://www.forexlive.com/centralbank/pboc-is-expected-to-set-the-usdcny-reference-rate-at-70971-reuters-estimate-20240102/

Excerpt

The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The ...

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