PBOC Firms Yuan by 84 Bips to 6.7591
Liao Shumin
DATE:  Sep 18 2020
/ SOURCE:  Yicai
PBOC Firms Yuan by 84 Bips to 6.7591 PBOC Firms Yuan by 84 Bips to 6.7591

(Yicai Global) Sept.18 -- The People's Bank of China strengthened the yuan by 84 bips against the US dollar this morning, fixing the central parity rate at 6.7591.The redback has appreciated 798 bips for the whole week.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below its figure.

Editor: Ben Armour

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Keywords:   Central Parity Rate