On Monday, the Chinese central bank, PBOC, sets the USD/CNY reference rate at 6.5113 versus 6.5284 Friday close, strengthening the yuan further against the US currency.

On Friday, yuan jumped to nearly 3-week highs, the strongest level since Jan 4.

On Monday, the Chinese central bank, PBOC, sets the USD/CNY reference rate at 6.5113 versus 6.5284 Friday close, strengthening the yuan further against the US currency.

(Market News Provided by FXstreet)

By FXOpen