The yuan lifted 186 basis points to 6.9054 against the US dollar

On China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2.0 percent from its central parity rate each trading day.

BEIJING (Armfalcon.com) – The yuan mid-rate lifted 186 basis points to 6.9054 against the US dollar on Thursday, as it returned from a long Labor Day holiday at the start of the week, rebounding from last weekend when it slipped 33 basis points, according to the Foreign Exchange Trading System China.

On China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2.0 percent from its central parity rate each trading day.

The middle rate of the yuan against the US dollar is based on the weighted average of the prices offered by market participants before the opening of the interbank money market on each business day.

Also read: The yuan slipped 33 basis points to 6.9240 against the US dollar

Translator: Apep Suhendar
Editor: Nusarina Yuliastuti
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