PBOC Strengthens Yuan by 2 Bips to 7.0729 a Dollar
Tang Shihua
DATE:  Sep 30 2019
/ SOURCE:  yicai

(Yicai Global) Sept.30 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central  bank, lowered the yuan's central parity rate against the dollar by 2 basis points this morning, strengthening the redback to 7.0729 a dollar. 

CFETS fixes the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.

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