F.P. Report
BEIJING: The Chinese 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 0.1 points from the previous week to 96.84, according to the CFETS.
The index compares the yuan with the value of 24 currencies, including the US dollar, euro, and Japanese yen.
Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket edge up 0.08 points from the previous week to 101.06.
The index measuring the yuan against the Special Drawing Rights basket lost 0.01 points week on week to 92.16. (APP)
