PBOC Signals Comfort With Yuan Gains as Fixing Set Below 6.8

China's central bank set the yuan's daily reference rate at a level stronger than 6.80 per dollar on this date, marking the first time since 2023 that the rate reached that level. The People's Bank of China establishes this reference rate each trading day, which serves as the midpoint for the currency's trading band. The rate move followed a period of yuan appreciation against the dollar.

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