#Chinese yuan weakens last week
-- The China Foreign Exchange Trade System #CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, went down 0.21 points from the previous week to 99.71.
-- The index compares the yuan with the value of 24 currencies, including the #USD, #euro and Japanese #yen.
#chinese #cfets #usd #euro #yen
China's #yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (#CFETS).
The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, went up 0.36 points from the previous week to 100.43, according to the CFETS.
The index compares the yuan with the value of 24 currencies, including the U.S. dollar, euro and Japanese yen.https://english.news.cn/20230320/6aa45ed2afc947d88630d96ee89e7b39/c.html