(Yicai Global) Dec. 9 -- The People's Bank of China continued to strengthen the yuan against the US dollar today by setting the central parity rate the firmest for the redback since June 2018 for the third straight day.

The People's Bank of China set the midpoint at 6.5311, 9 bips down from yesterday.

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: Emmi Laine