Anonymous ID: 50f9bb Oct. 21, 2020, 6:54 p.m. No.11201285   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>2324 >>2747 >>3476 >>3515

China lifts yuan midpoint for sixth day to highest since July 2018

 

Chinaโ€™s central bank on Thursday lifted its official yuan midpoint for the sixth trading day to the highest since July 2018, underpinned by solid gains in spot prices a day earlier.

 

The Peopleโ€™s Bank of China (PBOC) set the midpoint rate at 6.6556 per dollar prior to the market open, 225 pips, or 0.34%, firmer than the previous fix of 6.6781. It was the strongest guidance rate since July 11, 2018.

 

Onshore spot yuan advanced to end the domestic session at a more than two-year high against the dollar on Wednesday, led by firmer central bank guidance and recent data showing a sustained recovery in the worldโ€™s second-largest economy.

https://www.reuters.com/article/china-yuan/china-lifts-yuan-midpoint-for-sixth-day-to-highest-since-july-2018-idUSAZN0FT500