BUSINESS Chinese yuan strengthens last week

BUSINESS

Chinese yuan strengthens last week

Xinhua

11:01, September 13, 2021

BEIJING, Sept. 13 (Xinhua) -- China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, gained 0.24 points to 98.62 on Friday, according to the CFETS.

The index compares the yuan with the value of 24 currencies, including the U.S. dollar, euro and Japanese yen.

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket up 0.28 points to 102.58.

The index measuring the yuan against the Special Drawing Rights basket edged up 0.14 points to 96.96.

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