PBoC sets USD/CNY reference rate at 7.1039 vs. 7.1055 previous

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31 January 2024

PBoC sets USD/CNY reference rate at 7.1039 vs. 7.1055 previous

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1039 as compared to the previous day's fix of 7.1055 and 7.1727 Reuters estimates.

China NBS Non-Manufacturing PMI came in at 50.7, above expectations (50.6) in January

Australia Private Sector Credit (YoY) up to 4.8% in December from previous 4.7%

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