The People's Bank of China sets the exchange rate of the dollar at 7.1884 yuan.

On Tuesday morning, the People's Bank of China decided to set the exchange rate of the yuan against the US dollar at 7.1884 yuan per dollar, while expectations indicated it would be set at 7.2832 yuan. The closing price of the pair in yesterday's session was 7.2994 yuan. The bank also injected 158 billion yuan into the markets through repurchase operations for 7 days, with a yield of 1.5%.

It is worth noting that the People's Bank of China influences the value of the US dollar (USD) by pegging the value of its currency - the yuan - to the USD, where the bank employs a fixed exchange rate policy, which differs from the floating exchange rate used by the United States and many other countries, allowing for a narrow margin of movement for the Chinese currency.

The People's Bank of China manages the value of the yuan by keeping it stable against a basket of currencies from China's trading partners, with the basket being measured against the USD, given that the United States is China's largest trading partner.