USD/CNY Set at 6.7899 on July 29, Down 29 Pips as Yuan Strengthens

On July 29, China's interbank foreign exchange market set the USD/CNY midpoint rate at 6.7899, down 29 pips, reflecting yuan appreciation. EUR/CNY rose 56 pips to 7.7175, while GBP/CNY fell 89 pips to 9.0052. AUD/CNY declined 111 pips to 4.7269, and JPY/CNY (per 100 yen) dropped 34 pips to 4.1393. CNY/RUB gained 892 pips to 11.6107.
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