PBOC Strengthens Yuan by 150 Bips to 6.7675
Liao Shumin
DATE:  Sep 17 2020
/ SOURCE:  Yicai
PBOC Strengthens Yuan by 150 Bips to 6.7675 PBOC Strengthens Yuan by 150 Bips to 6.7675

(Yicai Global) Sept. 17 -- The People's Bank of China strengthened the yuan by 150 bips against the US dollar this morning, fixing the central parity rate at 6.7675.

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: Ben Armour

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Keywords:   Central Parity Rate