On Tuesday, the People's Bank of China (PBOC) set the USD/CNY reference rate at 7.0866, slightly higher than the previous day's fix of 7.0856. This adjustment comes amidst ongoing market fluctuations and reflects the central bank's efforts to manage the currency amid varying economic pressures.
The new exchange rate also contrasts with a Reuters estimate of 7.1204, indicating a stronger yuan than anticipated by analysts. Such movements in the USD/CNY pair could influence trading strategies, as investors assess the implications of China's monetary policy on broader market dynamics and the global economy.
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Data Source: Yongxianli Analysis Team Updated: 2025-11-11 01:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.