(Yicai Global) Dec. 4 -- The Chinese yuan has kept on rising against the US dollar since trade issues between China and the US trade are showing signs of improvement. 

The onshore spot rate breached the level of 6.84 during the day to go as low as 6.8347, the strongest point since mid-September. The offshore rate also went as low as 6.8308 during the day.

At 4.30pm, the onshore spot rate was close at 6.8401, 484 basis point lower than yesterday's close. The offshore spot rate was 6.8433, 336 basis point decrease from yesterday's close in New York.

The People's Bank of China fixed the central parity rate at 6.8939 this morning, which is the firmest for the redback since Sept. 28. 

The Chinese currency has gotten stronger since yesterday when China and the US agreed on a 90-day truce to resume trade talks.  

Editor: Emmi Laine