Chinese yuan strengthens to 6.3294 against USD Wednesday

Source: Xinhua | 2018-03-08

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 92 basis points to 6.3294 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.