PBOC SETS USD/CNY REFERENCE RATE AT 7.1717

PBOC SETS USD/CNY REFERENCE RATE AT 7.1717
PBOC SETS USD/CNY REFERENCE RATE AT 7.1717

PBOC SETS USD/CNY REFERENCE RATE AT 7.1717

PBOC sets USD/CNY reference rate at 7.1717, lower than the estimated 7.2495.

The central bank manages the yuan's value within a +/- 2% band.

The reference rate guides trading for the Chinese yuan (CNY).

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