Yuan strengthens at 7.087 against US Dollar …C0NTINUE READING HERE >>>
The central parity rate of the Chinese currency renminbi, also known as the Yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.
This was made known by the China Foreign Exchange Trade System.
DAILY POST reports that in China’s spot foreigners 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…
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