Chinese yuan’s central parity exchange rate hits 16-month high

Chinese yuan's central parity exchange rate hits 16-month high

The Chinese currency yuan’s central parity exchange rate rose 397 basis points to 6.7825 on Wednesday, the highest level since May 2019, and marked the highest increase since April this year. Experts said yuan is showing an appreciation trend as China’s economy rises and the dollar is battered by the coronavirus.

Source: Global Times | 2020/9/16 13:30:39

Want to know more on

click here go to market news source.
Market news summary from Global Times Market News.
Author:

Follow us get Market News Update
Close

Market News Language