SHANGHAI :
PBOC Weakens Yuan by 141 Bips to 6.4746 Against US Dollar
Tang Shihua
DATE:  Jan 14 2021
/ SOURCE:  Yicai
PBOC Weakens Yuan by 141 Bips to 6.4746 Against US Dollar PBOC Weakens Yuan by 141 Bips to 6.4746 Against US Dollar

(Yicai Global) Jan. 14 -- The People's Bank of China set the central parity rate of its currency at 6.4746 against the US dollar this morning, 141 basis points weaker 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 the figure.

Editor: Emmi Laine

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