Business · Markets · 1 hr ago

China sets yuan midpoint at 6.7313 per dollar

China sets yuan midpoint at 6.7313 per dollar

China set the yuan’s midpoint exchange rate against the US dollar at 6.7313 on October 12.

The figure is a reference rate for the yuan against the dollar.

It was 17 basis points higher than the previous midpoint.

The source gives no further details about the move or its effects.

It does not say what prompted the adjustment.

It also gives no information about what may happen next.

Sources

Related news