Economy
THE central parity rate of the Chinese currency renminbi, or the yuan, weakened 10 pips to 7.1049 against the dollar on Thursday.
This is according to the China Foreign Exchange Trade.
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 dollar was based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
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-February 1, 2024 @ 12:30 GMT|
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