The People’s Bank of China (PBOC) has set the USD/CNY central exchange rate for the upcoming trading session at 7.0078, a notable adjustment from the previous day's fix of 7.0064. This shift comes as the market anticipated a higher reference rate, with Reuters estimating it at 6.9722, indicating a deeper depreciation of the yuan against the dollar.
This revised rate reflects ongoing market pressures and highlights the PBOC's response to fluctuating economic conditions. Traders are closely monitoring this currency pair as it could influence broader market sentiment and trading strategies in the region, particularly with the yuan's performance playing a crucial role against other major currencies like the EUR. As global economic uncertainties continue, the implications of the PBOC's adjustments will be significant for international forex trading dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 01:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.