Yuan Strengthens Against The Greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 128 pips to 7.1926 against the U.S. dollar Monday, 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 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day

Previous articleNatural Rubber Production Up 6.8%, Said DOSM
Next articleMalaysia’s Employed Persons Rises Steadily While Unemployment Rate Remains At 3.5%


Please enter your comment!
Please enter your name here