ZCZC
BCN-18
CHINA-YUAN-USD
Chinese yuan strengthens to 6.8976 against USD Monday
BEIJING, Nov. 5, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 395 basis points to
6.8976 against the U.S. dollar Monday, according to the China Foreign
Exchange Trade System.
In China’s spot foreign exchange market, the yuan is allowed to rise or
fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a
weighted average of prices offered by market makers before the opening of the
interbank market each business day.
BSS/XINHUA/HR/1110