The US dollar to Chinese yuan exchange rate is currently at 7.17318. The People’s Bank of China has established a new reference rate of 7.1527, which is lower than the previous rate of 7.1765.
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On Thursday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1527, compared with Wednesday’s fix of 7.1765 and market expectations of 7.1623.
The PBOC said that it invested a total of 3 bln yuan in open market operations.
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