Chinese yuan strengthens to 7.0253 against USD Thursday

Source: Xinhua| 2019-12-12 09:40:11|Editor: huaxia
Video PlayerClose

BEIJING, Dec. 12 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 132 pips to 7.0253 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange 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 offered by market makers before the opening of the interbank market each business day.

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100851386249751