Global EconomyAugust 4 at 09:15 PM

PBoC sets USD/CNY mid-point at 6.7889 vs exp. 6.7480 (prev. 6.7917)

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PBoC set the USD/CNY midpoint at a weaker-than-expected 6.7889, signaling potential economic concerns and prioritizing export support over currency stability amid a 3-year low in GDP growth.

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