PBOC sets USD/CNY reference rate at 7.1745 vs. 7.1738 previous
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The People's Bank of China (PBOC) set the USD/CNY reference rate at 7.1745, slightly higher than the previous rate of 7.1738. This adjustment is below the Reuters estimate of 7.2857.
March 18, 2025 | 11:30 am
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The PBOC's setting of the USD/CNY reference rate at 7.1745, slightly higher than the previous rate, indicates a minor adjustment in the currency's valuation. This could impact forex trading and related financial instruments.
The PBOC's adjustment of the USD/CNY rate is a routine regulatory action that slightly increases the rate. This is a minor change and is below the Reuters estimate, suggesting limited immediate impact on forex markets.
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IMPORTANCE 70
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