Categories: Business

Chinese yuan strengthened

F.P. Report

BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 35 pips to 7.0904 against the US dollar Monday, according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.(APP)

The Frontier Post

Recent Posts

Boeing’s Starliner spacecraft to launch first crewed mission

Nick Robertson Boeing’s first crewed mission of its Starliner spacecraft is set to launch Monday…

5 mins ago

PSX witnesses bullish trend, gains 862 points

ISLAMABAD (APP): The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday,…

9 mins ago

Grayscale Bitcoin Trust’s shares jump after first inflow since January

(Reuters): Shares of Grayscale Bitcoin Trust jumped 2.4% on Monday after the exchange-traded fund (ETF)…

11 mins ago

Eurozone producer prices fall more than market estimates in March

LONDON (AA) : Eurozone industrial producer prices dropped more than market forecast in March, according…

13 mins ago

Death toll from Brazil downpours climbs to 83

SAO PAULO (Reuters): Heavy rains battering Brazil's southernmost state of Rio Grande do Sul have…

13 mins ago

Nervous of trailing behind GOP, Democrats try to embrace AI

WASHINGTON (AP) : Campaigners for U.S. President Joe Biden and the Democrats are in a…

25 mins ago

This website uses cookies.