BEIJING, Feb. 13 (Xinhua) — China’s yuan strengthened in opposition to a basket of currencies final week, in line with the China Foreign Exchange Trade System (CFETS).
The CFETS yuan trade fee composite index, which measures the yuan’s energy relative to a basket of currencies, rose 0.67 factors from the earlier week to 100.53, in line with the CFETS.
The index compares the yuan with the worth of 24 currencies, together with the U.S. dollar, euro and Japanese yen.
Last week additionally noticed an index that measures the yuan in opposition to the Bank for International Settlements forex basket up 0.66 factors from the earlier week to 105.50.
The index measuring the yuan in opposition to the Special Drawing Rights basket edged up 0.04 factors week on week to 98.18.