The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here.
- Previous close was 6.7752
more to come
Earlier:
- China holds loan prime rates steady as growth slows and yuan firms. 1-year LPR at 3.0%, 5-year at 3.5%
- Moonshot pauses Kimi K3 signups as chip stocks tumble on China AI fears
This article was written by Eamonn Sheridan at investinglive.com.