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Central Parity of USD/ RMB Slips 131 bps to 7.1996, Setting 1Yr+ Low
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China Foreign Exchange Trade System (CFETS) announced on Tuesday (3rd) that the central parity of USD/ RMB slid 131 bps from the previous day to 7.1996, hitting an over-one-year low since 11 September 2023.

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