Business · Markets · 16 hrs ago

China sets yuan-dollar midpoint at 6.7188, down 20 basis points

China sets yuan-dollar midpoint at 6.7188, down 20 basis points

China set the yuan’s midpoint against the US dollar at 6.7188 on Nov.

9.

The rate was 20 basis points lower than the previous fixing.

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

The announcement gives no reason for the change.

It also gives no details about how the rate may affect currency trading.

No next steps were announced in the information provided.

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