PBOC SETS USD/CNY REFERENCE RATE AT 7.1705
PBOC sets the USD/CNY reference rate for today at 7.1705, stronger than the estimated 7.2406.
The PBOC sets the yuan's midpoint daily, allowing it to fluctuate within a +/- 2% band.
The managed floating exchange rate system governs the yuan's value against the US dollar.
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