PBOC is expected to set the USD/CNY reference rate at 6.7085 – Reuters estimate
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The fixing mechanism matters most right now because its message has shifted over the past month. For nearly a year, the PBOC has set its daily guidance weaker than market expectations, which traders read as an effort to slow the yuan's appreciation, and in late August that gap re
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PBOC is expected to set the USD/CNY reference rate at 6.6981 – Reuters estimate