The People’s Bank of China set the USD/CNY central parity rate for Thursday’s trading session at 7.0583, marking a modest increase from the previous day’s fixing of 7.0573.
The daily reference rate is closely watched by market participants as it signals the PBOC’s policy stance and tolerance for yuan movements against the US Dollar. Small adjustments in the fix are often interpreted as the central bank’s effort to balance currency stability with broader economic and financial conditions.
