Yuan Reference Rate Strengthened by 0.04% to 7.0796 per Dollar

(Seoul=Yonhap Infomax) International Economics Department = On the 26th, the People's Bank of China (PBOC) set the yuan's reference rate stronger.

On the morning of the 26th, the central parity rate for the dollar-yuan was set at 7.0796 yuan, down 0.0030 yuan (0.04%) from the previous session. A decline in the dollar-yuan exchange rate indicates an appreciation of the yuan against the dollar.

The previous session's interbank closing price (screen number 6402) was 7.0938 yuan.

Key Change: The yuan's reference rate was set at its strongest level in recent sessions, reflecting a 0.04% appreciation against the US dollar.

Trend Analysis: The yuan has shown modest strengthening against the dollar, with the central parity rate moving lower compared to the previous session. This trend may reflect policy intentions by the People's Bank of China to support currency stability amid global market volatility.

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