PBOC Strengthens Yuan by 15 Bips to 7.0018 a Dollar
Tang Shihua
DATE:  Mar 16 2020
/ SOURCE:  yicai

(Yicai  Global) March 16 -- China's central bank set the central parity rate  between the Chinese yuan and the US dollar at 7.0018 this morning, 15  basis points firmer for the redback from March 13.

The  China Foreign Exchange Trade System, the interbank trading and foreign  exchange division under the People's Bank of China, fixes the benchmark  parity rate on the morning of each business day. Spot rates may deviate 2  percent above or below the figure during the day.

Editor: Emmi Laine 

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Keywords:   Central Parity Rate,USD,CNY,Foreign Exchange Market,PBOC