SHANGHAI :
PBOC Sets Yuan-Dollar Central Parity Rate 59 Bips Firmer
Tang Shihua
DATE:  Apr 09 2019
/ SOURCE:  yicai

(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

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Keywords:   Forex,CNY,USD,PBOC,Central Parity Rate