Date
21 October 2017

Central bank sets RMB midpoint softer at 6.1146

The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1146 on Thursday, 43 pips weaker than the 6.1103 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 0.15 percent to 6.0764 on Wednesday after trading between 6.0672 and 6.0772 in Shanghai. The redback’s daily midpoint against the US dollar has fallen 0.29 percent this year, central bank data shows.

– Contact HKEJ at [email protected]

AM/AC/SK

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