The People's Bank of China sets the daily reference rate for currency trading and manages the value of the Renminbi against the US Dollar.
6 reports, 5 independent
Updated Oct 7
Gone quiet
- Reports
- 6
- Developments
- 3
- Repetition
- 50%
New informationRepeats or wire copies
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What happened
The People's Bank of China sets the daily reference rate for currency trading and manages the value of the Renminbi against the US Dollar.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.PBOC signals tolerance for stronger currency amid US dollar strength causing RMB weakness.1 source
PBOC manages CNY value against USD movements.1 source
Experts advise on policy mix causing China's surpluses while the government suppresses renminbi value.1 source
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The entities involved
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US Dollar (Next day)
Distinct currency with ISO 4217 code "USN", defined for trade purposes