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>>PBOC’s USD/CNY benchmark shows a deliberate 0.13% appreciation of the yuan as global currency dynamics shift.

PBOC’s USD/CNY benchmark shows a deliberate 0.13% appreciation of the yuan as global currency dynamics shift.

crypthub

about 4 hours ago

PBOC Rate Decision

The PBOC set the USD/CNY reference at 6.9321, a 0.13% gain from 6.9414. It was the biggest yuan rise in three weeks, signaling a policy shift. The move balances inflation pressures with export competitiveness.

Rate Mechanism & Recent Trends

The rate combines the prior spot, overnight moves and a counter‑cyclical factor to limit volatility. It sets a ±2% band, today about 6.7935‑7.0707. Five sessions show tight control and a net 0.21% weekly strengthen.

Analyst Views, Market Reaction & Economic Basis

Standard Chartered says the fix balances commodity‑driven inflation and export demand. Goldman Sachs ties it to Fed signals, a solid trade surplus and fresh bond inflows. Asian currencies rose and hedgers shifted as the yuan firmed. Strong PMI, steady CPI and $3 trillion reserves back the decision.