PBOC Sets Onshore, Offshore Yuan-Dollar Rates at Highest Levels Since July
Zhang Yushuo
/SOURCE : yicai

(Yicai Global) Jan.11 -- The People's Bank of China set the yuan-dollar central parity rate 251 basis points higher, at 6.7909 this morning, with the onshore and offshore rates hitting their highest levels since last July.

The yuan continued to strengthen against the dollar as both the onshore and offshore yuan rose above the 6.77 level, up more than 100 points and 250 points, respectively.

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Keywords: Currency Rate