January 8, 2026

PBOC sets USD/ CNY reference rate for today at 7.0197 (vs. estimate at )

Business

PBOC shocks markets by setting USD/CNY reference rate at 7.0197, higher than expected. With China's central bank injecting 9.9bn yuan, analysts debate impact on yuan valuation and trade surplus. What's next for the yuan's strength? Find out now.

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