PBOC sets USD/ CNY reference rate for today at 6.8954 (vs. yesterday at 6.9263)

Author: Eamonn Sheridan | Category: Central Banks

China is not a currency manipulator says the US Treasury:

That is a chunky gain for the onshore yuan today.
  •  Reference rate shift of +300 points, biggest since July last year
  • CNY mid rate at its lowest 9ie highest for CNY) since Aug 2019

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