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PBOC sets USD/CNY reference rate at 7.1364 vs. 7.1316 previous
Source Fxstreet
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1364, as against the previous day's fix of 7.1316 and 7.2586 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
July 1, U.S. Treasury Secretary Scott Bessent projected that the Federal Reserve would initiate a rate cut before September, emphasizing that President Trump’s tariff policies are unlikely to spur inflation as the Fed had anticipated.