Mar 10, 01:12 AM

PBOC Sets USD/CNY Reference Rate at 7.1733, 28 Pips Cut From 7.2408 Estimated

The People's Bank of China (PBOC) has set the USD/CNY reference rate at 7.1733 for March 10, 2025, significantly stronger than the earlier estimates. Reuters had projected the rate at 7.2355, while a survey indicated an estimated fixing of 7.2408, with expectations ranging from 7.2387 to 7.2428. The PBOC's decision reflects a cut of 28 pips from the previous rate, which is approximately 600 pips stronger than market expectations.

#PBOC #Reuters

Written with ChatGPT (GPT-4o mini).

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Markets Today@marketsday
1 year ago
#PBOC sets USD/ CNY reference rate for today at 7.1733 (vs. estimate at 7.2355)
ForexLive@ForexLive
1 year ago
PBOC sets USD/ CNY reference rate for today at 7.1733 (vs. estimate at 7.2355) https://t.co/9eHpj1utDB
CN Wire@Sino_Market
1 year ago
⚡PBOC cuts the $CNY Central Parity Rate by 28 pips to 7.1733 per USD, about 600 pips stronger than market expectations. #China $USDCNY $USDCNH https://t.co/rLYKIMhuBJ

PBOC Sets USD/CNY Reference Rate at 7.1733, 28 Pips Cut From 7.2408 Estimated

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