Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
China
Most Searched: Xi Jinping   ADIZ  Third plenary session  EU-China  Urbanisation  

China yuan hits record high against USD Wednesday

English.news.cn   2013-12-04 10:13:41            

BEIJING, Dec. 4 (Xinhua) -- The Chinese currency Renminbi, or yuan, strengthened 52 basis points to a record high of 6.13 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

The U.S. dollar dropped against other major currencies overnight.Investors remain cautious before Friday's U.S. nonfarm payrolls data for November, which is seen hinged on whether the Fed does start reducing its 85 billion dollars of monthly bond purchases.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

Related:

China yuan strengthens to 6.13 against USD

BEIJING, Dec. 4 (Xinhua) -- The Chinese currency Renminbi, or yuan, strengthened 52 basis points to 6.13 against the U.S. dollar on 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 1 percent from the central parity rate each trading day.  Full story

Editor: Hou Qiang
分享
Related News
Home >> China            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top China News Latest News  
  Special Reports  >>
010020070750000000000000011100001329399021