The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1450 on Thursday, 25 pips stronger than the 6.1475 fixing on Wednesday, according to the China Foreign Exchange Trade System. The renminbi is allowed to rise or fall 1 percent from the daily reference rate. Spot renminbi strengthened 0.07 percent at 6.0927 on Wednesday after trading between 6.0927 and 6.0977 in Shanghai. The redback’s daily midpoint against the US dollar has risen 2.29 percent this year, central bank data shows.
– Contact HKEJ at [email protected]