PBC adjusts yuan fix factors to keep market stable
The yuan surged more than 400 pips to trade at 6.8412 against the US dollar in late night trading after the People’s Bank of China (PBC) announced the change on Friday.
Chinese yuan weakens to 6.5569 against USD Wednesday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 389 basis points to 6.5569 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
Chinese yuan weakens to 6.4893 against USD Monday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 89 basis points to 6.4893 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.