PBOC sets USD/ CNY reference rate for today at 6.5569 (vs. yesterday at 6.5180) - ConsultFX

PBOC sets USD/ CNY reference rate for today at 6.5569 (vs. yesterday at 6.5180)

People's Bank of China takes a big bite out of the CNY again today The bank using the CNY in the trade war? On the face of I'd say yes …. they are really slashing its price. Each day the Bank set a mid rate - and each day they are devaluing it.