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China's yuan strengthens

  •   Wed, Jun 04 2014 09:30:18 AM

Beijing, June 4 (IANS): The Chinese yuan strengthened 17 basis points to 6.1693 against the US dollar in its central parity Wednesday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by two 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.
  

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Title: China's yuan strengthens



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