PBOC SETS USD/CNY REFERENCE RATE AT 7.1710
The People's Bank of China (PBOC) sets the USD/CNY reference rate for today at 7.1710.
The estimated rate was 7.2971.
PBOC is responsible for setting the daily midpoint for the yuan (CNY/RMB).
The yuan follows a managed floating exchange rate system with a +/- 2% band around the central reference rate.
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