Business · Markets · 1 hr ago

China Sets Yuan-Dollar Central Parity Rate at 6.7146

China Sets Yuan-Dollar Central Parity Rate at 6.7146

On November 2, the yuan-dollar central parity rate was 6.7146.

The figure was down 8 basis points from its previous level.

It is a rate for the Chinese yuan against the US dollar.

The published figure gives the yuan-dollar rate for that day.

The information provided does not explain what drove the change or describe its effects.

It also gives no details about what may happen to the rate next.

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