The central parity rate of the Chinese currency the yuan, strengthened by 171 pips to 7.0711 against the U.S. dollar today. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. 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.

Source: The Standard June 09, 2020 02:31 UTC