The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1115 on Thursday, 15 pips weaker than the 6.1100 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 eased 0.01 percent to 6.0717 on Wednesday after trading between 6.0709 and 6.0723 in Shanghai. The redback’s daily midpoint against the US dollar has risen 2.85 percent this year, central bank data shows.
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