China yuan strengthens to 6.1615 against US dollar

GMT 15:18 2014 Tuesday ,29 July

Arab Today, arab today China yuan strengthens to 6.1615 against US dollar

yaun Vs Dollar
Beijing - QNA

The value of the Chinese currency renminbi (the yuan) strengthened 7 basis points to 6.1615 against the U.S. dollar in its central parity on Tuesday, 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, Chinese Xinhua news agency reported.
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.

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