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Global Economy

PBoC sets USD/CNY mid-point at 6.7892 vs exp. 6.7530 (prev. 6.7899)

StockNow breaking-news AI analysis

PBoC set a significantly weaker-than-expected Yuan fixing at 6.7892, reflecting domestic economic slowdown (2Q GDP 4.3%) and broad US Dollar strength, signaling potential tolerance for further currency depreciation.

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