The People's Bank of China (PBOC) has set the USD/CNY reference rate for Tuesday at 7.0856, a slight increase from the previous day’s fix of 7.0816. This adjustment comes as market participants closely monitor economic indicators and geopolitical developments that influence the yuan's performance against the U.S. dollar.
The new reference rate is also above the Reuters estimate of 7.1096, suggesting a cautious approach by the PBOC amidst ongoing market volatility. Traders will be watching how this shift impacts the broader currency pair dynamics, particularly as other major currencies like the euro (EUR) and yen (JPY) react to global economic pressures.
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Data Source: FX Killer Analysis Team Updated: 2025-11-18 01:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.