PBOC (CFETS) sets yuan index at 98.14

In December (2015) the People's Bank of China bank launched a trade-weighted index for the RMB

• Comprising the currencies of 13 of China's major trading partners
• Its managed through the China Foreign Exchange Trade System (CFETS), a unit of the PBOC
• It was set at a 100 base as of the end of December 2014

Its been set for this week at 98.14, barely changed from last week's 98.16

• Down around 1.5% from a month ago