Chinese yuan strengthens to 7.1086 against USD Tuesday

19.10.2022

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 9 pips to 7.1086 against the U.S. dollar Tuesday, 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...