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The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
– USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.
As a side note, the PBOC has announced it is increasing its tolerance of bad loans in China’s agricultural sector.
Search Web: PBOC sets USD/ CNY central rate at 6.4283 (vs. yesterday at 6.4408)
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