(Yicai Global) April 9 -- The People's Bank of China fixed the Chinese yuan to start the day slightly stronger against the US dollar.
The PBOC set the central parity rate to be 6.7142, which is 59 basis points firmer than yesterday's close.
The yuan has been trading in a narrow range against the greenback since early March, following significant appreciation coinciding with the start of US-China trade talks that were kicked off again in December during a ceasefire.
The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, fixes the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.
Editor: Emmi Laine