BEIJING, July 3 (Xinhua) — The Chinese yuan strengthened in opposition to a basket of currencies final week, in response to 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, went up 0.25 factors from the earlier week to 96.74, in response to 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 foreign money basket edge up 0.18 factors from the earlier week to 100.98.
The index measuring the yuan in opposition to the Special Drawing Rights basket misplaced 0.32 factors week on week to 92.17.