SHANGHAI :
PBOC Strengthens Yuan by 13 Bips to 7.0795 a Dollar
Dou Shicong
DATE:  Jun 30 2020
/ SOURCE:  Yicai
PBOC Strengthens Yuan by 13 Bips to 7.0795 a Dollar PBOC Strengthens Yuan by 13 Bips to 7.0795 a Dollar

(Yicai Global) June 30 -- The People's Bank of China strengthened the yuan by 13 basis points against the US dollar this morning, fixing the central parity rate at 7.0795.

The onshore yuan market closed at 7.0776 yesterday, depreciating 32 basis points during the day.

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 deviate 2 percent above or below its figure.

Editor: Emmi Laine

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Keywords:   PBOC,Central Parity Rate