USD/CNY Rises to 6.8088 on July 2; Yuan Weakens 21 Bp

On July 2, China's interbank foreign exchange market set the USD/CNY midpoint rate at 6.8088, up 21 basis points, indicating yuan weakening. EUR/CNY declined 212 points to 7.7362, while GBP/CNY rose 211 points to 9.0287. Other currency pairs showed mixed movements against the yuan.
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