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The yuan closed at 6.2586 against the....>

CHINA YUAN
MNI (London)
CHINA YUAN: The yuan closed at 6.2586 against the U.S dollar Weds,the strongest
level in over two-years. 
 - The yuan rose to its strongest since August 10, 2015 when it closed at 6.2097
 - On August 11, 2015, the PBOC suddenly allowed the yuan to depreciate by
nearly 2% against the U.S. dollar, and then the currency started a one-year
depreciation which forced the PBOC to use foreign exchange reserves and stem
capital outflow in 2017 to stabilize the yuan. 
 - PBOC set the yuan central parity rate vs the U.S. dollar at 6.2882 on
Wednesday, 190 pips higher than Tuesday's 6.3072. The fixing was the strongest
since August 11, 2015. 
* Data from China Foreign Exchange Trade System 
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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