Ella 
China remains steadfast in its efforts to prevent significant weakening of the yuan as the currency faces mounting pressure from a strong dollar and subdued investor confidence, edging closer to a critical policy threshold.
The People’s Bank of China (PBOC) has maintained its strategy of keeping the yuan’s depreciation limited, signaling to market participants the importance of stability in the currency. The central bank’s daily reference rate for the managed currency has remained largely unchanged, suggesting a commitment to supporting the yuan.
China determines its daily reference rate, also known as the fixing, at 9:15 a.m. local time, setting the parameters within which the currency is permitted to fluctuate—typically within a 2% range. This approach underscores the significance of maintaining stability in the yuan amidst external pressures and market volatility.
