PBOC Strengthens Yuan by 25 Bips to 7.0727 a Dollar
Xu Wei
DATE:  Oct 24 2019
/ SOURCE:  yicai

(Yicai Global) Oct. 24 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, decreased the yuan's central parity rate against the US dollar by 25 basis points this morning, strengthening the redback to 7.0727 a dollar.

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

Editor: Emmi Laine 

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