PBOC sets USD/CNY reference rate at 7.1927 vs. 7.1786 previous
Source Fxstreet
On Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1927, as compared to the previous day's fix of 7.1786 and 7.1944 Reuters estimates.
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The National Retail Federation (NRF) predicts that holiday season (Nov and Dec) retail sales in 2025 will likely exceed $1 trillion for the very first time, which represents a year-over-year increase of 3.7 to 4.2 percent.
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