SHANGHAI :
PBOC Softens Yuan by 42 Bips to 6.8028
Xu Wei
DATE:  Sep 24 2020
/ SOURCE:  Yicai
PBOC Softens Yuan by 42 Bips to 6.8028 PBOC Softens Yuan by 42 Bips to 6.8028

(Yicai Global) Sept. 24 -- The People's Bank of China relaxed the yuan by 42 bips against the US dollar this morning, fixing the central parity rate at 6.8028.

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 swing 2 percent above or below its figure.

Editor: Ben Armour

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Keywords:   CNY,RMB,USD