Global EconomyJuly 14 at 09:15 PM

PBoC sets USD/CNY mid-point at 6.7910 vs exp. 6.7695 (prev. 6.7990)

StockNow breaking-news AI analysis

PBoC set the USD/CNY fixing at 6.7910, significantly weaker than market expectations, signaling a continued policy stance to prevent rapid yuan appreciation and ensure currency stability.

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