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The People's Bank of China (PBOC) has been setting the USD/CNY reference exchange rate consistently around the 7.15 to 7.20 range from mid-June to mid-July 2025, according to Reuters estimates. On July 17, 2025, the PBOC fixed the yuan at 7.1712 per US dollar, a figure confirmed by multiple sources and falling within the survey range of 7.1685 to 7.1978. This rate reflects the central bank's ongoing management of the yuan's value against the US dollar amid prevailing economic conditions.
