Reported 3 days ago
Yuan traders are closely observing the People's Bank of China's (PBOC) daily reference rate to assess its willingness to support the yuan after it weakened past a key level of 7.3 per dollar. As concerns grow over China's economic challenges, market participants are watching for the fixing, which may indicate whether the PBOC is comfortable with continued yuan depreciation or intends to enforce stability.
Source: YAHOO