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PBoC fixes USD/CNY feference rate at.....>

CHINA YUAN
CHINA YUAN: PBoC fixes USD/CNY feference rate at 6.4574 (prev fix 6.4931, prev
close 6.4690); strongest since 3 May 2016.
- Fixing received the biggest daily rise since October 11 2017.
- MNI reported in the Chinese press earlier that China should further widen the
global use of the yuan. The Financial Press cited Yin Yong, a deputy governor at
the People's Bank of China, who spoke last week in a forum. The yuan's role is
underrepresented globally given China's economic influence. The One Belt One
Road initiative also presents a strategic opportunity the yuan's
internationalization, the newspaper said.

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