(MENAFN)According to the China Foreign Exchange Trade System (CFETS), China's yuan boosted against a basket of currencies last week.
According to the CFETS, the CFETS yuan exchange rate compound index, which measures the yuan’s power relation to a basket of currencies, increased 0.26 points to 97.04 on May 7.
The index compares the yuan with the value of 24 currencies, counting the USD, euro and Japanese yen.
Last week also witnessed an index that measures the yuan against the Bank for International Settlements currency basket increased 0.23 points to 101.15.
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