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Macro-economy

Chinese yuan strengthens to 7.0657 against USD Monday

September 16, 2019


Abstract : The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 189 pips to 7.0657 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

BEIJING, Sept. 16 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 189 pips to 7.0657 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.


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Keyword: RMB-USD foreign exchange

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