Chinese yuan strengthens to 6.9007 against USD Thursday

China

Chinese yuan strengthens to 6.9007 against USD Thursday

2026-03-05 12:29 Last Updated At：13:07

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 117 pips to 6.9007 against the U.S. dollar Thursday, 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.

Crude futures settle higher

Oil prices edged up on Wednesday.

The West Texas Intermediate for April delivery increased by 10 cents, or 0.13 percent, to settle at 74.66 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery closed flat and settled at 81.40 U.S. dollars a barrel on the London ICE Futures Exchange.