PBOC Weakens Yuan by 277 Bips to 6.7872
Xu Wei
DATE:  Sep 22 2020
/ SOURCE:  Yicai
PBOC Weakens Yuan by 277 Bips to 6.7872 PBOC Weakens Yuan by 277 Bips to 6.7872

(Yicai Global) Sept. 22 -- The People's Bank of China weakened the yuan by 277 bips against the US dollar this morning, fixing the central parity rate at 6.7872.

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 swing 2 percent above or below its figure.

Editor: Ben Armour

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Keywords:   CNY,RMB,USD,Central parity,PBOC