(Yicai Global) Oct. 21 -- The People's Bank of China strengthened the yuan to its firmest point against the US dollar since July 2018 this morning.

The PBOC set the central parity rate at 6.6781, 149 bips stronger for the redback 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 the figure.

Editor: Emmi Laine