China fixes yuan stronger vs dollar, reversing falls
World BusinessAug 14, 2015
China's central bank on Friday raised the yuan currency against the US dollar by 0.05%, the national foreign exchange market said, ending three days of falls after a surprise devaluation.The daily reference rate was set at 6.3975 yuan to $1.0, up from 6.4010 the previous day, the China Foreign Exchange Trade System said. The rate was also slightly stronger than Thursday's close of 6.3982 yuan.The stronger fixing for the yuan came after the People's Bank of China(PBoC) reassured financial markets