Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Chinese yuan hits strongest point against USD since November, set at 7.1161 by PBOC.

flag The People's Bank of China (PBOC) set the USD/CNY central rate at 7.1161, marking the strongest rate for the yuan since November last year. flag The PBOC uses a managed floating exchange rate system to stabilize the currency, allowing it to fluctuate within a 2% band around a central midpoint. flag The bank also employs various tools like reverse repos to manage liquidity. flag Despite these measures, Reuters estimates the rate may be set slightly higher at 7.1551.

5 Articles