Published Jul 9, 2026, 9:23 PM ET · Updated 4 months ago · 1 source

PBOC Sets Fixing Below 6.8 Per Dollar for First Time Since 2023

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PBOC Sets Fixing Below 6.8 Per Dollar for First Time Since 2023

China’s central bank set the yuan’s daily reference rate stronger than 6.80 per dollar for the first time since 2023, reinforcing expectations that policymakers are comfortable with the currency’s strength.