• The People's Bank of China has set the CNY at its strongest since November 8 last year

    Source: Buzz FX / 04 Feb 2025 20:36:21   America/New_York


    The PBoC rate setting for today, the first day back from holidays, here:
    7.1693 is the lowest for USD/CNY (ie strongest for CNY) since November 8 last year.
    Earlier I posted on how China is not going to devalue the currency just yet:
    China
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