The People's Bank of China sets the exchange rate of the dollar at 7.1699 yuan.

On Friday morning, the People's Bank of China decided to set the exchange rate of the yuan against the US dollar at 7.1699 yuan per dollar, while expectations indicated that it would be set at 7.2780 yuan. The closing price of the pair in yesterday's session was 7.2838 yuan. The bank also injected 183.7 billion yuan into the markets through repurchase operations for a duration of 7 days, yielding 1.5%.

It is worth noting that the People's Bank of China influences the price of the US dollar (USD) by tying the value of its currency - the yuan - to the US dollar (USD). The bank employs a fixed exchange rate policy by managing the value of the yuan, keeping it stable against a basket of currencies from countries that are considered trading partners of China. This basket is measured against the price of the US dollar (USD), as the United States is China's largest trading partner.