The People’s Bank of China set the USD/CNY reference rate at 7.1911 on Monday, a marginal uptick from the previous 7.1907. The move reflects the central bank’s cautious approach to maintaining currency stability amid global market fluctuations and a steady U.S. dollar.
This modest adjustment signals Beijing’s intent to curb excessive yuan volatility as economic recovery efforts continue. Analysts view the shift as part of broader efforts to balance external pressures while aligning with domestic economic goals.
