Chinese yuan strengthens against U.S. dollar at central parity

Key points Main story China’s currency posted a modest gain against the U.S. dollar on Thursday after the country’s central bank raised the official reference rate for the renminbi, also known as the yuan. Data released by the China Foreign Exchange Trade System showed the central parity rate was fixed at 6.8036 yuan to the … Continue reading Chinese yuan strengthens against U.S. dollar at central parity