The People’s Bank of China (PBOC) is expected to set the Yuan reference rate at 7.0528 per US Dollar today, having fixed the midpoint rate at 7.0572 on Friday,
A weaker-than-expected fix could be seen, courtesy of the escalating US-China trade tensions. On Friday, the US President Trump tweeted several tariff measures that Wahington will impose on China, starting from Sept. 1 and Oct. 1.
As of writing, the offshore Yuan exchange rate, as represented by the USD/CNH pair, is seen at 7.1674 per USD.
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