The People's Bank of China (PBOC) has set the USD/CNY reference rate for Thursday's trading session at 7.0019, a notable increase from the previous day's fix of 7.0014. This adjustment reflects the ongoing market dynamics as traders respond to local and global economic conditions, with the new rate also diverging from the Reuters estimate of 6.9697, indicating a stronger dollar against the yuan.
This shift in the central rate may impact trading strategies among forex investors, as the exchange rate adjustment could signal the PBOC's stance on currency valuation amid fluctuating economic indicators. As the USD continues to gain momentum, traders will be closely monitoring the implications for the broader currency pair landscape, particularly against the backdrop of evolving geopolitical and economic developments.
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: 2026-01-22 01:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.