SHANGHAI :
PBOC Fixes Yuan 58 Bips Weaker at 6.8389 a Dollar
Tang Shihua
DATE:  Sep 11 2020
/ SOURCE:  Yicai
PBOC Fixes Yuan 58 Bips Weaker at 6.8389 a Dollar PBOC Fixes Yuan 58 Bips Weaker at 6.8389 a Dollar

(Yicai Global) Sept. 11 -- The People's Bank of China weakened its currency by 58 bips against the US dollar this morning, fixing the central parity rate at 6.8389.

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 the figure.

Editor: Emmi Laine
 

 

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Keywords:   Central Parity Rate,Foreign Exchange Market,CNY,USD,PBOC