The People's Bank of China (PBOC) set the USD/CNY reference rate at 7.1865 on June 5, 2025, which was higher than Reuters' estimate of 7.1762 and 103 pips weaker than market expectations. The onshore yuan closed the domestic session at 7.1838 per dollar, marking its strongest close since November 8, 2024. On June 6, 2025, the PBOC set the yuan mid-point at 7.1845, slightly below the Reuters estimate of 7.1935 but still representing a 20-pip increase from the previous day. This rate was 90 pips stronger than market expectations. Additionally, Switzerland's foreign currency reserves for May 2025 were reported at 703.6 billion Swiss francs, up from 702.9 billion in the previous month.