SHANGHAI :
PBOC Strengthens Yuan by 167 Bips to 6.9107
Zhang Yushuo
DATE:  Aug 21 2020
/ SOURCE:  Yicai
PBOC Strengthens Yuan by 167 Bips to 6.9107 PBOC Strengthens Yuan by 167 Bips to 6.9107

(Yicai Global) Aug. 21 -- The People's Bank of China strengthened the yuan by 167 basis points against the US dollar this morning, fixing the central parity rate at 6.9107.

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 swing 2 percent above or below its figure.

Editor: Ben Armour

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Keywords:   central parity rate