Business · Markets · 6 hrs ago

China sets yuan-dollar central parity at 6.7167 on Nov. 10

China sets yuan-dollar central parity at 6.7167 on Nov. 10

On Nov.

10, China set the yuan-dollar central parity rate at 6.7167.

The central parity is the rate for the yuan against the US dollar named in the announcement.

The rate was adjusted upward by 21 basis points.

The announcement gives no previous rate for comparison.

It provides no explanation for the adjustment or details about its effect.

No further action or next steps are stated.

1 source

Related