Business · Markets · 2 hrs ago

China sets yuan-dollar central rate at 6.7156 on Nov. 5

China sets yuan-dollar central rate at 6.7156 on Nov. 5

China set the yuan-dollar central parity rate at 6.7156 on Nov.

5.

The rate was 24 basis points higher than its previous level.

The figure is a central parity rate for the yuan against the US dollar.

It gives a reference value for the exchange rate between the two currencies.

The information provided does not explain the reason for the change or its effect on markets.

No further steps or outlook were specified.

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