China lowers yuan midpoint to 3-week low; CFETS basket index at highest since 2016

Reuters2021-07-14

SHANGHAI, July 14 (Reuters) - China's central bank on Wednesday set its official yuan midpoint at a near three-week low, while its value against its major trading partners jumped to the highest since early 2016.

The People's Bank of China (PBOC) set the midpoint at 6.4806 yuan per dollar prior to the market open, 49 pips, weaker than the previous fix of 6.4757. It was the weakest since June 24.

The weaker fixing, however, has pushed China's trade-weighted yuan basket index to 98.45, the highest since March 16, 2016, according to Reuters' calculation based on official data.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Himani Sarkar)

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Comments

BINGG
2021-07-14
BINGG
Hi
Soksok
2021-07-14
Soksok
Good
Ak91
2021-07-14
Ak91
Pls like
WilsonTan112
2021-07-14
WilsonTan112
Like and comment
冲冲高
2021-07-14
冲冲高
Like
MrMrsBean
2021-07-14
MrMrsBean
Plz like and comment. Thanks
- 冲冲高:
  Ok

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