10 Apr 2025

USD/CNY central parity set above key level for second consecutive day

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China’s central bank (PBoC) appears ready to let the yuan depreciate – albeit not too sharply.
On Wednesday, the PBoC set the USD/CNY central parity rate above 7.2 for the second consecutive day.

Wednesday's central parity was set at 7.2066 – up from Tuesday’s level of 7.2038.

The last time the da...