Latest


Chinese yuan weakens against US dollar

  •   Wed, Apr 04 2018 09:54:09 AM

Beijing, Apr 4 (IANS): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 93 basis points to 6.2926 against the US dollar on Wednesday, 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 per cent from the central parity rate each trading day, Xinhua news agency reported.

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.
  

Top Stories

Mangaluru: Over 1,800 new IT jobs - City poised for growth

  •   18 hours ago    3

Leave a Comment

Title: Chinese yuan weakens against US dollar



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like