The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1183 on Thursday, 78 pips weaker than the 6.1105 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 6.0718 on Wednesday after trading between 6.0706 and 6.0721 in Shanghai. The redback’s daily midpoint against the US dollar has risen 2.73 percent this year, central bank data shows.
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