Chinese Yuan weakens to 7. 1082 against U.S. Dollar
Foreign
THE central parity rate of the Chinese currency renminbi, or the yuan, weakened 12 pips to 7.1082 against the dollar on Tuesday, 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 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)
6th February, 2024.
C.E
Related Posts
Mpox vaccine rollout in Congo slower than expected – health official
CRIS Kacita, the head of Congo’s mpox response team, said more awareness needed to be done to boost vaccine ...
Read MoreIMF chief hails China’s commitment to climate goals
INTERNATIONAL Monetary Fund (IMF) Managing Director, Kristalina Georgieva, on Thursday hailed China’s efforts in pursuing its climate goals, highlig...
Read MoreNew NATO Secretary-General hosts defence ministers for first time
NATO defence ministers meet in Brussels for a two-day meeting starting on Thursday focused on the war in Ukraine, ...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.