Yuan rebounds to 8-plus per USD after biggest day-on-day fall

2006-05-16 22:56:27

   BEIJING, May 16 (Xinhua) -- China's official exchange rate weakened significantly on Tuesday, the central bank announced, defying a gain the day before that helped break through the psychologically important 8 yuan per U.S. dollar level. Full Story >>>

USD-RMB exchange rate hits record 1:7.9982

2006-05-15 09:44:04

    BEIJING, May 15 (Xinhua) -- The exchange rate of the U.S. dollar against the Chinese currency, yuan, hit a record 1:7.9982 on Monday, the highest level since China appreciated its currency on July 21 last year.-->>>

An employee of Bank of China points to a screen showing the information of U.S. dollar-yuan exchange rate in Beijing, May 15, 2006. The exchange rate of the U.S. dollar against the Chinese currency, yuan, hit a record 1:7.9982 on Monday, the highest level since China appreciated its currency on July 21 last year. (Xinhua Photo)

China to gradually make capital account convertible: official

2006-04-12 18:32:20

   BEIJING, April 12 (Xinhua) -- China is pushing forward its currency Renminbi (RMB)'s capital account convertibility gradually and in a stable manner, said an official with the State Administration of Foreign Exchange (SAFE), ruling out both an adventurous leap and conservative cautiousness. Full Story >>>

Gradual move of Chinese currency good for world economy: ADB chief

2006-04-09 22:20:41

    VIENNA, April 9 (Xinhua) -- Asian Development Bank President Haruhiko Kuroda said here on Sunday that the pace of the adjustment of Chinese yuan should be decided by the Chinese authorities themselves.  Full Story>>>

Yuan's rate against US dollar approaching 8.0

2006-04-06 16:14:29

    BEIJING, April 6 (Xinhua) -- The exchange rate of the Chinese yuan to the U.S. dollar reached a 12-year high to hit 8.0116 on Wednesday, according to Thursday's China Securities News. Full Story>>>

Yuan rises to new high since July 21

2006-04-01 16:46:36

    BEIJING, April 1 (Xinhua) -- China's currency strengthened on Friday to its highest level against the U.S. dollar since its July 21 revaluation on high market expectations and ahead of a planned visit by Chinese President Hu Jintao to Washington. Full Story>>>

China: no further one-off revaluation as yuan hits record high

2006-03-28 19:16:05

    BEIJING, March 28 (Xinhua)-- A central bank spokesman has reiterated China's currency, the yuan, will not have another one-off revaluation as U.S. Commerce Secretary Carlos Gutierrez is in Beijing for talks with Chinese officials on currency and other economic issues. Full Story>>>     

    

Chinese central bank reaffirms policy over currency

2006-03-20 08:54:33

    BEIJING, March 20-- Central bank officials have reaffirmed China's position of gradually moving towards a freely traded currency, responding to two US senators who are threatening trade sanctions unless the yuan's value rises. Full Story>>>
    

RMB rises to record high against USD

2006-03-18 03:15:06

    BEIJING, March 17 (Xinhua) -- China's currency strengthened on Friday to its highest level against the U.S. dollar since its July 21 revaluation on heightened market forces, a weakened dollar and technical rebounds. Full Story>>>

    

No more unexpected changes of RMB exchange rates: Wen

2006-03-14 12:22:57

    BEIJING, March 14 (Xinhua) -- China will introduce no more unexpected changes in reforming the exchange rate of its currency, the RMB yuan, Chinese Premier Wen Jiabao announced here on Tuesday.  Full Story>>>