The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 18 pips to 6.7147 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.
Chinese yuan strengthens to 6.7147 against USD Thursday
Chinese yuan strengthens to 6.7147 against USD Thursday
The United Nations on Wednesday urges diplomacy over military action following reports of potential renewed U.S. attacks on Iran.
During a daily press briefing at UN Headquarters, Stephane Dujarric, spokesman for UN Secretary-General Antonio Guterres, said that they've noticed that the United States has reportedly warned Gulf countries for military campaign against Iran after the midterm elections, but they've not been privy to any information that's not been reported.
He said the UN has continued to push for diplomacy.
"I think the world needs more diplomacy; we do not need more military action," the spokesman stressed.
Last week, U.S. President Donald Trump said the United States might launch another "little Epic Fury," referring to the U.S. and Israeli bombing campaign in the spring, or Iran could agree to a deal.
In early October, Trump said that the United States would not attack Iran before the Nov 3 midterm elections.
UN urges diplomacy to address US -Iran tensions
