The USDCNY exchange rate is currently at 7.30104, while the People’s Bank of China (PBOC) has set the reference rate at 7.1894 compared to the previous rate of 7.1986.

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USDCNY Chart by TradingView

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1894, compared with the previous day’s fix of 7.1986 and expectations of 7.2783.

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