PBOC Softens Yuan by 2 Bips to 7.0731 a Dollar
Xu Wei
DATE:  Sep 27 2019
/ SOURCE:  yicai

(Yicai Global) Sept. 27 -- The People's Bank of China weakened the yuan by 2 basis points to 7.0731 a dollar this morning.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark parity rate on the morning of each business day. Spot rates may swing 2 percent above or below this figure.

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