The People’s Bank of China (PBOC) has set the USD/CNY central reference rate at 7.0759 for Monday, marking a slight appreciation from Friday's fix of 7.0789. This adjustment also comes in below the Reuters estimate of 7.0709, indicating the central bank’s ongoing management of the Chinese yuan amid fluctuating market conditions.
This movement in the USD/CNY exchange rate reflects the PBOC's strategic positioning as it navigates economic challenges and global market dynamics. As traders respond to these shifts, the currency pair will likely remain sensitive to further developments in both U.S. and Chinese economic data, influencing overall trading strategies in the forex market.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-01 01:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.