Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

China lifts yuan midpoint to 27-month high

10/20/2020 | 09:23pm EST

SHANGHAI, Oct 21 (Reuters) - China's central bank on Wednesday lifted its official yuan midpoint to a more than 27-month high, following gains in the spot market a day earlier.

The People's Bank of China (PBOC) set the midpoint rate at 6.6781 per dollar prior to the market open, 149 pips or 0.22% firmer than the previous fix of 6.6930. It was the strongest guidance rate since July 16, 2018.

The yuan ended its domestic trading session at a more than 27-month high against the dollar on Tuesday, after the central bank set its daily guidance rate on the stronger side of a key threshold.

(Reporting by Winni Zhou and Andrew Galbraith Editing by Shri Navaratnam)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LIMITED 0.00% 2.72 End-of-day quote.-18.32%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.5155 Delayed Quote.-6.12%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.5301 Delayed Quote.-6.03%
Latest news "Economy & Forex"
01:20pIrish PM calls for 'every effort' to get EU-UK trade deal
01:14pJohnson and EU chief agree to more trade talks on Sunday
11:53aGOVERNMENT OF GEORGIA : In line with a corruption risk-free index published by Trace International, Georgia has advanced to the 28th place in the global listing, while remaining in the European Top 20
11:19aGerman police break up banned coronavirus demonstration
10:59aItalian police arrest two over hacking at defence group Leonardo
10:45aIndia fails to end deadlock with farmers, talks to resume next week
10:42aChina, U.S. need to proceed together with 'good will' - Chinese envoy
09:49aGIYANI METALS : Approval Received for Scoping and Terms of Reference for K.Hill Environmental Social Impact Assessment
09:34aBritain's MoD in talks to control steelmaker for nuclear submarines - Sky News
09:33aNEW SURVEY : COVID RELIEF NOW Coalition Highlights Devastating Impact of Pandemic
Latest news "Economy & Forex"