ecns [expanded by feedex.net]: China yuan strengthens to 6.1321 against USD Monday

ecns [expanded by feedex.net]

ecns

China yuan strengthens to 6.1321 against USD Monday
http://www.ecns.cn/business/2014/03-17/105158.shtml
Mar 17th 2014, 01:03





2014-03-17 10:03 Xinhua


The Chinese currency Renminbi, or the yuan, went up 25 basis points to 6.1321 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.


In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 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.










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