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Chinese yuan strengthens

  •   Fri, Apr 17 2015 10:11:32 AM

Beijing, April 17 (IANS): The Chinese yuan strengthened by 38 basis points to 6.1267 against the US dollar on Friday, according to the China Foreign Exchange Trading 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, reported Xinhua.

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: Chinese yuan strengthens



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