The People’s Bank of China (PBOC) has set the USD/CNY central reference rate at 7.0108 for today’s trading session, a slight adjustment from Friday’s fix of 7.0128. This move comes against a backdrop of analysts' expectations, which had estimated the rate at 6.9849, indicating a stronger yuan than anticipated.
The adjustment in the exchange rate reflects ongoing market dynamics and the PBOC's efforts to manage currency fluctuations amid global economic pressures. Traders will be closely monitoring how this new reference impacts the performance of the yuan against other major currencies, particularly as tensions surrounding trade and economic growth continue to influence forex markets.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 01:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.