PBOC Softens Yuan-Dollar Parity Rate by 31 Bips to 6.9826
Liao Shumin
DATE: Feb 18 2020
/SOURCE: yicai
(Yicai Global) Feb. 18 -- The People's Bank of China weakened the yuan by 31 basis points against the US dollar this morning to 6.9826.
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 fluctuate 2 percent above or below its figure.
