Chinese yuan strengthens to 7.0008 against USD Thursday


The central parity rate of the Chinese currency renminbi (RMB), or the yuan, strengthened 72 pips to 7.0008 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

The new rate was the strongest since August 8, 2019, according to data from the system.

Cao Yuanyuan, an analyst with...