PBOC Weakens Yuan by 67 Bips to 6.9785 a Dollar
Tang Shihua
DATE:  Feb 13 2020
/ SOURCE:  yicai

(Yicai Global) Feb. 13 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, weakened the yuan's central parity rate against the dollar by 67 bips to 6.9785 this morning.

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,Foreign Exchange Market,PBOC