USD/CNY Falls to 6.7989, Down 47 Points as Yuan Strengthens on July 10

On July 10, the China Foreign Exchange Trade System released yuan midpoint rates against major currencies. The USD/CNY pair stood at 6.7989, down 47 points, indicating yuan appreciation.

Other notable movements included EUR/CNY at 7.7712 (up 16 points), HKD/CNY at 0.86754 (down 3.7 points), GBP/CNY at 9.1157 (up 59 points), AUD/CNY at 4.7173 (up 23 points), CAD/CNY at 4.7970 (down 29 points), and CHF/CNY at 8.4278 (up 107 points).

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