(Yicai Global) Dec. 28 -- The People's Bank of China has strengthened the country's currency against the US dollar this morning. 

The China Foreign Exchange Trade System, which is a division under the central bank, fixed the yuan to buy USD6.8632, which is 262 pips stronger than the midpoint it set yesterday. The number is also 28 basis points firmer than the closing price of 6.8660 yesterday. 

The CFETS sets the benchmark separately for each business day. Spot rates may deviate 2 percent above or below the midpoint.

Editor: Emmi Laine