China's Yuan Central Parity Rate Inched Up 1 Bip Against Dollar
Liao Shumin
DATE: May 24 2019
/SOURCE: yicai
China's Yuan Central Parity Rate Inched Up 1 Bip Against Dollar
(Yicai Global) May 24 – The People's Bank of China strengthened the yuan's central parity rate against the dollar by just 1 basis point to 6.8993 today. The rate has fluctuated no more than 2 bips for four straight days and rate placed the yuan 197 bips stronger than yesterday's market close.