The People’s Bank of China (PBOC) set the USD/CNY central parity rate at 7.0789 for Friday’s trading session, slightly higher than Thursday’s fix of 7.0779. The setting also came in above Reuters’ projected midpoint of 7.0769, signaling the central bank’s continued preference for a measured and controlled adjustment in the yuan’s daily guidance.
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PBOC sets USD/CNY reference rate at 7.0789 vs. 7.0779 prior
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