People's Bank of China setting the reference rate lower for USD/CNY, that is higher for the onshore yuan.
But … not as high as expected:
- Reuters estimate for the mid-rate was 7.0236 today.
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PBOC sets USD/ CNY reference rate for today at 7.0268 (vs. yesterday at 7.0312)
PBOC sets USD/ CNY reference rate for today at 7.0268 (vs. yesterday at 7.0312)
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