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Agricultural Development Bank of China
Economy

Chinese yuan strengthens last week

September 28, 2020


Abstract : China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

BEIJING, Sept. 28 (Xinhua) -- China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, came in at 94.46 on Sept. 25, up 0.34 points from a week earlier, according to the CFETS.

The index compares the yuan with the value of 24 currencies, including the U.S. dollar, euro and Japanese yen.

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket up 0.33 points to 98.26.

The index measuring the yuan against the Special Drawing Rights basket went down 0.02 points to 92.67. Enditem

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Keyword: CFETS

Reading:

CFETS optimizes settlement-related rules for foreign investors under the Bond Connect scheme

Foreign investors contribute RMB246.4 bln net bond purchases in China's interbank market in July

Foreign buyers contribute RMB101 bln net bond purchases on interbank market in June

Cash bond turnover of foreign buyers in China's interbank market up 106pct y-o-y in April

China's Bond Connect program reported robust business

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