PBOC Strengthens Yuan-Dollar Central Parity Rate by 194 Bips to 7.0671
Dou Shicong
DATE:  Jun 23 2020
/ SOURCE:  Yicai

(Yicai Global) June 23 -- The People's Bank of China strengthened the yuan by 194 basis points against the dollar this morning, fixing the central parity rate at 7.0671.

The onshore yuan market closed at 7.0770 yesterday, appreciating 10 basis points.

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:   PBOC,Central Parity Rate