On Friday, the Chinese central bank, PBOC, set the USD/CNY reference rate at 6.4905 versus 6.5127 Thursday close, halting the recent devaluation spree and marking the strongest yuan fix so far this year.

On Friday, the Chinese central bank, PBOC, set the USD/CNY reference rate at 6.4905 versus 6.5127 Thursday close, halting the recent devaluation spree and marking the strongest yuan fix so far this year.

(Market News Provided by FXstreet)

By FXOpen