SHANGHAI :
PBOC Strengthens Yuan by 12 Bips to 6.9933 a Dollar
Liao Shumin
DATE:  Nov 11 2019
/ SOURCE:  yicai

(Yicai Global) Nov. 11 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, lowered the yuan's central parity rate against the dollar by 12 basis points this morning, strengthening the redback to 6.9933 a dollar.

CFETS fixes the benchmark parity rate on the morning of each business day. Spot rates may swing 2 percent above or below it.

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Keywords:   China's Yuan