As dollar weakness and yuan strength continued for a second straight day, the yuan's movement against the dollar entered a high range not seen since 2022. The People's Bank of China set the central parity rate against the dollar at 6.7138 yuan, while the yuan traded against the yen in a range from the upper 23.63-yen area to the lower 23.70-yen area.
The dollar-weakness, yuan-strength trend continued, and the yuan fell to 6.6590. The offshore yuan also fell to the lower 6.65 range.
The People's Bank of China's central parity rate against the dollar was set at 6.7138 yuan, reportedly approaching its level in 2023.
The yen was stronger against the yuan, with USD/JPY around ¥23.70 and intraday indications around the ¥23.63 level.
The figures quoted today included USDCNY at 6.6590, CNYJPY at 23.654 and USDCNH at 6.6548.