Free Trial

The yuan closed at 6.2783 against the....>

CHINA YUAN
MNI (London)
CHINA YUAN: The yuan closed at 6.2783 against the U.S dollar,the strongest level
in over two-years Tuesday. 
 - 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, the result of a surprise policy change that
roiled international currency markets.
 - PBOC set the yuan central parity rate vs the U.S. dollar at 6.3072 on
Tuesday, weaker than Monday's 6.3019.
 - PBOC set the fixing weaker for a second straight day.
* 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

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.