The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 6.9438 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Chinese yuan strengthens to 6.9438 against USD Wednesday
Russia said on Tuesday that it had taken control of a settlement in Ukraine's Zaporizhzhia region, while Ukraine reported repelling a number of Russian attacks across multiple fronts on the same day.
Russia's Defense Ministry said on Tuesday that Russian forces had struck Ukrainian targets in 139 areas over the previous 24 hours, including energy facilities and transport infrastructure, sites used for the assembly, storage and launch preparation of long-range drones, and also targeting temporary deployment points of Ukrainian troops and foreign mercenaries.
Russian air defense systems shot down about 100 fixed-wing drones, the ministry said, adding that Russian forces had taken control of a settlement in the Zaporizhzhia region.
Meanwhile, the General Staff of the Armed Forces of Ukraine said that 168 combat engagements took place along the frontlines over the past day, with Ukrainian forces repelling Russian attacks in multiple directions. According to a statement, Ukraine's air force, missile units and artillery carried out strikes on five concentrated areas of Russian troops and hit one transport infrastructure facility, and also shot down close to 1,200 Russian drones.
In another notable development, Ukrainian President Volodymyr Zelensky signed a presidential decree on Tuesday amending regulations on military service in the Armed Forces of Ukraine, allowing people over the age of 60 to serve under contract during wartime.
Under the decree, during the period of martial law, individuals aged over 60 may be permitted to serve under one-year renewable contracts, provided they pass a medical examination by a military medical commission and obtain written consent from unit commanders.
The revised rules also stipulate that if martial law is terminated or lifted, such contracts will be ended ahead of schedule, and the personnel concerned will be discharged from service in accordance with the law.
Russia claims control of settlement, Ukraine reports repelling Russian attacks
