Chinese yuan strengthens to 7.0992 against USD Monday

11.10.2022

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 6 pips to 7.0992 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...