Global Economy
PBoC sets USD/CNY mid-point at 6.7899 vs exp. 6.7635 (prev. 6.7911)
StockNow breaking-news AI analysis
PBoC set the USD/CNY mid-point at 6.7899, notably weaker than the expected 6.7635. This occurred amid broad dollar strength driven by Fed rate hike expectations and rising Treasury yields.
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