Yuan gains against US dollar

Business | 15 Nov 2017 11:10 am

China's domestic currency the yuan, strengthened by 136 basis points to 6.6263 against the U.S. dollar today, in the spot foreign exchange market, where the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

On Tuesday, the yuan was gfixed lower at 6.6399 against the U.S. dollar.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day, Xinhua reports.

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