Chinese Yuan Strengthens To 6.6607 Against Dollar Tuesday

Date:

The central parity rate of the Chinese currency the Yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday.

This is according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two 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 offered by market makers before the opening of the interbank market each business day.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Kogi in 7years under Gov Bello has surpassed expectations – NDP

The National Democratic Platform (NDP) has hailed Alhaji Yahaya...

Like Okanga, like Philip Agbese

By Sunny Green Itodo  In the Idoma cosmosphere, there are...

Gov. Yahaya Bello reinstates commitment to Tinubu’s campaign

Governor Yahaya Bello of Kogi State has debunked allegations...

Tinubu set to transform Nigeria into Africa’s first smart nation

Asiwaju Bola Ahmed Tinubu, the APC flag bearer in...