Chinese yuan strengthens

Xinhua, BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 35 basis points to 6.8874 against the US dollar yesterday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens

Xinhua, BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 35 basis points to 6.8874 against the US dollar yesterday, according to the China Foreign Exchange Trade System. In Chinas spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.