Yuan's central parity rate up to 6.4579 against USD

The Chinese renminbi strengthened to a four-month high on Wednesday, as market sentiment began to stabilize. The central parity rate of the yuan advanced to over 6.45 against the US dollar, up 0.2 percent from the previous trading day. 

 

The yuan has seen steady appreciation for three consecutive days, thanks to an array of official figures that indicate China's economy may be bottoming out.