The USDCNY exchange rate is currently at 7.30325, with the People’s Bank of China (PBOC) setting the reference rate at 7.1986. This is lower than the expected rate of 7.2859.

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USDCNY Chart by TradingView

The People’s Bank of China (PBOC) on Tuesday fixed the USD/CNY central rate at 7.1986, compared with the previous day’s fix of 7.2148 and market expectations of 7.2859.

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