Central parity rate of RMB against US dollar reported at 6.8291
The People's Bank of China set the Yuan's central parity rate against the US dollar at 6.8291, a slight decrease from the previous day's 6.8288. In other news, Omdia reported that the European smartphone market, excluding Russia, is projected to grow by 2% to 33 million units in Q1 2026, driven by strong consumer demand and early channel stocking despite rising supply chain costs. AI