PBOC sets onshore yuan mid-point at strongest since March
10 Jul 2020 / 09:29 H.
HONG KONG, July 10 (Reuters) - The People's Bank of China set the mid-point guidance rate for the onshore yuan at 6.9943 per U.S. dollar on Friday, on the firmer side of the key 7 per dollar level for the first time since March 12.
The onshore yuan strengthened for the fourth session to a four-month high on Thursday.
The Reuters' midpoint estimate for Friday's mid-point was 6.9934. (Reporting by Noah Sin; Additional reporting by Donny Kwok; Editing by Christian Schmollinger)
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