China
European stocks closed higher across the board on Tuesday.
The United Kingdom's FTSE 100 index rose 0.12 percent to close at 10,497.12 points. France's CAC 40 index gained 0.44 percent to finish at 8,403.99 points. Germany's DAX index advanced 1.50 percent to end the session at 24,995.81 points.
European stocks close higher on Tuesday
European stocks close higher on Tuesday
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 42 pips to 6.8067 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 6.8067 against USD Wednesday
Chinese yuan strengthens to 6.8067 against USD Wednesday
