The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 47 pips to 6.7989 against the U.S. dollar Friday, 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 6.7989 against USD Friday
U.S. stocks ended higher on Thursday.
The Dow Jones Industrial Average rose 139.02 points, or 0.27 percent, to 52,487.41. The S and P 500 added 60.93 points, or 0.81 percent, to 7,543.64. The Nasdaq Composite Index increased by 336.24 points, or 1.3 percent, to 26,206.89.
Seven of the 11 primary S and P 500 sectors ended in green, with technology and consumer discretionary leading the gainers by adding 1.65 percent and 1.46 percent, respectively. Meanwhile, consumer staples and energy led the laggards by going down 1.75 percent and 1.58 percent, respectively.
U.S. stocks close higher
