Chinese yuan strengthens to ¥6.8715 against dollar
Chinese Yuan and American Dollar used to illustrate the story
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 pips to ¥6.8715 against the dollar on Wednesday, according to the China Foreign Exchange Trade System.
In China’s spot foreign exchange market, the yuan could rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the yuan against the dollar was based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
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