Chinese yuan strengthens to 7.1201 against US dollar Monday

Mon 19-06-2023 08:54 AM

BEIJING, 19th June, 2023 (WAM) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 88 pips to 7.1201 against the US dollar Monday, state media (Xinhua) quoted the China Foreign Exchange Trade System as saying.

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