PBOC Weakens Yuan for Third Straight Day to 6.6989 a Dollar
Liao Shumin
DATE:  Oct 27 2020
/ SOURCE:  Yicai
PBOC Weakens Yuan for Third Straight Day to 6.6989 a Dollar PBOC Weakens Yuan for Third Straight Day to 6.6989 a Dollar

(Yicai Global) Oct. 27 -- The People's Bank of China set the yuan's central parity rate 264 bips weaker at 6.6989 against the US dollar this morning, softening the redback for the third straight trading day.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, designates the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below its figure.

Editor: Emmi Laine

Follow Yicai Global on
Keywords:   The Central Parity Rate