USD/CNY Falls to 6.7911 on July 27, Down 28 Pips as Yuan Strengthens

On July 27, the USD/CNY midpoint in China's interbank foreign exchange market fell to 6.7911, declining 28 pips as the yuan strengthened. Multiple other currency pairs also shifted, with EUR/CNY rising 30 pips to 7.7267, GBP/CNY up 116 pips to 9.0494, and AUD/CNY gaining 96 pips to 4.7400.
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