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China sets yuan midpoint at 6.7580 per dollar, 48 pips stronger
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On September 17, the People's Bank of China set the yuan's central parity rate against the U.S. dollar at 6.7580, representing a strengthening of 48 pips from the previous fix. The central parity rate is a daily reference rate set by China's central bank, around which the yuan is allowed to trade within a specified band. This adjustment reflects ongoing currency management by Chinese authorities amid global foreign exchange market conditions.
Source report
Date: September 17 Source: Cailian Press
The central parity rate of the Chinese yuan (renminbi) against the U.S. dollar was set at 6.7580, representing an increase of 48 pips from the previous session.
Source
财联社Eastern
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