PBOC Strengthens Yuan by 186 Bips to 6.6771 a Dollar(Yicai Global) Nov. 4 -- The People's Bank of China set the yuan's central parity rate at 6.6771 against the US dollar, 186 bips stronger for the redback from yesterday.
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
