CNY Reference Exchange Rate at 6.9943 Yuan... 0.20% ↓
[Asia Economy Reporter Jeong Hyunjin] On the 10th, the People's Bank of China revalued the yuan. According to Bloomberg News, the People's Bank of China set the dollar-yuan reference exchange rate at 6.9943 yuan, down 0.20% from the previous session, on the morning of the same day. This is the first time in four months since March 12 that the yuan's reference exchange rate has fallen into the 6-yuan range.
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