Chinese yuan hit near six-year high against basket currencies

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China's yuan hit a near six-year high against a basket of currencies. The trade-weighted CFETS RMB Index, which tracks the yuan against 24 other currencies, hit 101.88 on Thursday, the highest level since Dec. 9, 2015 and up 7.42% year-to-date.

The People's Bank of China (PBOC) set the yuan's daily fixing at 6.3803 per dollar on the day, 132 pips or 0.2% firmer than . . .

 

 

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