PBOC Softens Yuan by 93 Bips to 6.8121 a Dollar
Xu Wei
DATE:  Sep 25 2020
/ SOURCE:  Yicai
PBOC Softens Yuan by 93 Bips to 6.8121 a Dollar PBOC Softens Yuan by 93 Bips to 6.8121 a Dollar

(Yicai Global) Sept. 25 -- The People's Bank of China weakened the yuan by 93 bips against the US dollar this morning, fixing the central parity rate at 6.8121.

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.

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Keywords:   PBOC