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TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

PBOC sets USD/CNY base rate at 7.1876, slightly lower than prior 7.1878

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

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James Carter

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The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1876, a marginal adjustment from the previous rate of 7.1878. This marks a slight shift in the central bank’s approach as it continues to balance market stability with economic growth pressures.

The move comes amid broader economic challenges, including weaker-than-expected recovery signals in China and global dollar strength. By maintaining a near-unchanged rate, the PBOC signals a cautious stance, reflecting its commitment to a stable currency environment while navigating external pressures. The rate adjustment, though minimal, is closely watched by traders and analysts for insights into Beijing’s monetary strategy.

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