The People's Bank of China sets the exchange rate of the dollar at 7.1891 yuan.

On Friday morning, the People's Bank of China decided to set the exchange rate of the yuan against the US dollar at 7.1891 yuan per dollar, while expectations had indicated it would be set at 7.3322 yuan. The closing price of the pair in yesterday's session was 7.3322 yuan. The bank also injected 4 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 price of the US dollar (USD) by pegging the value of its currency - the yuan - to the dollar (USD). The bank uses a fixed exchange rate policy to manage the value of the yuan by keeping it stable against a basket of currencies from countries that are considered partners of China, with the basket measured against the dollar (USD) since the United States is China's largest trading partner.