On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1876, as compared to the previous day’s fix of 7.1854 and 7.2745 Reuters estimates.
On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1876, as compared to the previous day’s fix of 7.1854 and 7.2745 Reuters estimates.
A significant reduction in rates is still necessary.Neutral rate is closer to...
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