Yuan strengthens against US Dollar …C0NTINUE READING HERE >>>
The central parity rate of the Chinese currency, renminbi or the yuan, strengthened 159 pips to 7.0989 against the dollar, on Thursday.
This is according to the China Foreign Exchange Trade System.
NAN reports that in China’s spot foreign exchange market, the yuan can rise or fall by two percent 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…
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