2025-12-04 01:15:00
Earlier:
- Yuan nears 7 as US–China thaw lifts sentiment, but PBOC slows pace of appreciation
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.
The previous close was 7.0640
more to come
This article was written by Eamonn Sheridan at investinglive.com.
