PBOC Fortifies Yuan by 199 Bips to 6.6911 a Dollar
Dou Shicong
DATE: Apr 18 2019
/SOURCE: yicai
(Yicai Global) April 18 -- The People's bank of China strengthened the yuan by 199 basis points against the dollar this morning, fixing the central parity rate at 6.6911 -- 53 bips higher than yesterday's market-based close of 6.6858. A higher rate means a weaker yuan.
