ANL 34.10 Decreased By ▼ -0.42 (-1.22%)
ASC 15.00 Decreased By ▼ -0.16 (-1.06%)
ASL 24.50 Decreased By ▼ -0.33 (-1.33%)
AVN 92.55 Decreased By ▼ -2.45 (-2.58%)
BOP 7.83 Decreased By ▼ -0.04 (-0.51%)
BYCO 10.04 Decreased By ▼ -0.27 (-2.62%)
DGKC 126.00 Decreased By ▼ -0.60 (-0.47%)
EPCL 57.20 Increased By ▲ 0.04 (0.07%)
FCCL 24.27 Decreased By ▼ -0.23 (-0.94%)
FFBL 27.81 Decreased By ▼ -0.15 (-0.54%)
FFL 16.30 Increased By ▲ 0.26 (1.62%)
HASCOL 9.88 Decreased By ▼ -0.14 (-1.4%)
HUBC 79.45 Decreased By ▼ -0.55 (-0.69%)
HUMNL 6.70 Increased By ▲ 0.25 (3.88%)
JSCL 21.15 Increased By ▲ 0.74 (3.63%)
KAPCO 40.15 Decreased By ▼ -0.79 (-1.93%)
KEL 3.85 Decreased By ▼ -0.02 (-0.52%)
LOTCHEM 16.25 Decreased By ▼ -0.99 (-5.74%)
MLCF 47.00 Increased By ▲ 0.09 (0.19%)
PAEL 36.00 Decreased By ▼ -0.17 (-0.47%)
PIBTL 10.44 Decreased By ▼ -0.05 (-0.48%)
POWER 9.28 Decreased By ▼ -0.07 (-0.75%)
PPL 84.80 Decreased By ▼ -0.94 (-1.1%)
PRL 25.11 Decreased By ▼ -0.60 (-2.33%)
PTC 9.60 Increased By ▲ 0.15 (1.59%)
SILK 1.21 Increased By ▲ 0.04 (3.42%)
SNGP 38.80 Decreased By ▼ -0.56 (-1.42%)
TRG 166.60 Increased By ▲ 6.99 (4.38%)
UNITY 30.34 Decreased By ▼ -0.41 (-1.33%)
WTL 1.52 Increased By ▲ 0.09 (6.29%)
BR100 4,843 Decreased By ▼ -9.56 (-0.2%)
BR30 25,717 Increased By ▲ 45.6 (0.18%)
KSE100 45,049 Decreased By ▼ -137.81 (-0.3%)
KSE30 18,455 Decreased By ▼ -29.46 (-0.16%)

Coronavirus
VERY HIGH
Pakistan Deaths
15,501
5824hr
Pakistan Cases
725,602
458424hr
Sindh
269,126
Punjab
250,459
Balochistan
20,321
Islamabad
66,380
KPK
99,595
Markets

China lifts yuan midpoint to highest level in 5 months

China's central bank lifted its official yuan midpoint to the highest in five months on Wednesday to reflect strong
08 Jan 2020
  • China's central bank lifted its official yuan midpoint to the highest in five months on Wednesday to reflect strong gains.
  •  China's onshore spot yuan rallied on Tuesday, supported by corporate dollar selling.

 

SHANGHAI: China's central bank lifted its official yuan midpoint to the highest in five months on Wednesday to reflect strong gains in the spot yuan in the previous session.

The People's Bank of China (PBOC) set the midpoint rate at 6.9450 per dollar prior to the market open, 240 pips or 0.35% firmer than the previous fix of 6.9690 and the strongest since Aug. 5, 2019.

China's onshore spot yuan rallied on Tuesday, supported by corporate dollar selling.