Free Trial

The China Foreign Exchange Trade.........>

CHINA YUAN
CHINA YUAN: The China Foreign Exchange Trade System said the official yuan
closing price at 16:30 local time (08:30 GMT) on Friday was 6.5679 against the
U.S. dollar, 0.44% stronger than Thursday's close of 6.5969. It was the
strongest closing rate since June 6, 2016 when it stood at 6.5648. The People's
Bank of China set the yuan central parity rate against the U.S. dollar at 6.5909
Friday, stronger than Thursday's 6.6010. The PBOC has set the fixing stronger
for all five trading days this week, and today's fixing marks the highest since
June 24 last year when it was 6.5776.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.