Chinese Yuan strengthens to 6.8808 against dollar

Thu, Mar 2, 2023
By editor
1 MIN READ

Foreign

THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 592 pips to 6.8808 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent 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. (Xinhua/NAN)

A.I

Tags:


Kenya investigating how Uganda opposition figure was ‘abducted’

KENYA’S government has said it was investigating how a prominent Ugandan opposition leader was spirited out of Nairobi this week,...

Read More
Tributes flow in for British ex-deputy prime minister Prescott

FORMER British deputy prime minister John Prescott has been remembered in the House of Commons as a “titan” of British...

Read More
Britain imposes asset freeze, travel ban on Angola’s Isabel dos Santos

BRITAIN has imposed a travel ban and an asset freeze on Angolan billionaire Isabel dos Santos under its global anti-corruption...

Read More