Last week, China's yuan strengthened against a basket of currencies, reaching a CFETS composite index of 99.3.

China's yuan strengthened against a basket of currencies last week, reaching a CFETS composite index of 99.3. This marks a 0.43 point increase from the previous week and compares the yuan's value with that of 24 currencies, including the US dollar, the euro, and the Japanese yen. The central parity rate of the yuan against the U.S. dollar is calculated via a weighted average of prices offered by market makers before the daily interbank market opening.